Disney plans to release at least three more films in the Star Wars science fiction saga that ranks among the biggest movie franchises of all time, said Bob Iger, chief executive. The last Star Wars picture was Revenge of the Sith in 2005.
"It's now time for me to pass Star Wars on to a new generation of filmmakers," said Lucas. He will become the second-largest individual holder of Disney shares with a 2.2% stake.
"This is one of the greatest entertainment properties of all time," said Iger.