In a shocking announcement today Star Wars creator George Lucas has announced that he's selling his company Lucasfilm to Disney in a $4.05 billion dollar deal, and part of that deal will include a new Star Wars Film, Episode 7, due in 2015.

In a statement, Lucas said, "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".

Since their initial releases, Lucas has continued to tinker with and re-issue different versions of all six Star Wars films, but he never indicated that he would be involved in making a seventh chapter of the saga.

You can read more about the purchase and the upcoming film at the New York Times website.