Well, here’s some news that will shake nerdom and the internet to their very cores—The Walt Disney company is purchasing LucasFilm Ltd. from one George Lucas.  Yes, that George Lucas, and yes, that LucasFilm Ltd.  And not only that—brace yourselves—Disney will be releasing Star Wars: Episode 7 in 2015.

Still conscious?  You sure?

This is tremendous news in the entertainment world, as the Star Wars franchise that comes along with the purchase of LucasFilm Ltd. is one of the most lucrative entertainment properties, well, ever.  And Lucas will be making off rather well, with The Verge noting he will nab about half of the $4 billion in cash with about 40 million stock shares.  Whew, I’m getting dizzy.

But, of course, the big news here is that Disney plans on continuing the Star Wars feature film franchise after the commercially successful but critically-maligned prequel trilogy.  Here’s what Lucas had to say:

For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next. It’s now time for me to pass Star Wars on to a new generation of filmmakers. I’ve always believed that Star Wars could live beyond me, and I thought it was important to set up the transition during my lifetime. I’m confident that with Lucasfilm under the leadership of Kathleen Kennedy, and having a new home within the Disney organization, Star Wars will certainly live on and flourish for many generations to come. Disney’s reach and experience give Lucasfilm the opportunity to blaze new trails in film, television, interactive media, theme parks, live entertainment, and consumer products.

Perhaps this is exactly what the Star Wars franchise needs—Lucas is frequently credited with running the franchise into the ground (at least as far as critics and fans of coherent narratives are concerned) with the back end of Return of the Jedi and all three films in the prequel trilogy.  Having fresh minds behind a new series of sequels may be exactly what the series needs (and hey, it’s better than a reboot, right?).  Either way, it’s got to be better than The Phantom Menace.

More on this as it develops…

What do you think of the Star Wars news?