Star Wars: Episode 7 Release Date Officially Set

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Disney has set Star Wars: Episode 7′s release date for December 18, 2015 with shooting planned to start next spring. Previous rumors suggested that Episode 7 might get pushed into the 2016 release calendar; however, word is that Disney put its foot down on a 2015 release date. With the December 18 date, J.J. Abrams and company slide in just inside those parameters.

Check out the full press release below. [Read more...]

Disney Buys Lucasfilm for $4-billion, Star Wars: Episode 7 Coming in 2015!

Disney Buys Lucasfilm for $4-billion, Star Wars: Episode 7 Coming in 2015!

Boom.

Just like that, Disney shakes up the Star Wars universe and is taking over Lucasfilm for a whopping $4.05 billion, and is already set to bring the next generation of Star Wars films beginning in 2015 with Episode 7.

George Lucas’ statement on the deal:

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, [the current co-chair of Lucasfilm who will become president after the deal closes and report directly to Walt Disney Studios chair Alan Horn] 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.

Redbox DVD Price Hike

Beginning Monday, Redbox patrons will be shelling out an extra 20 cents for daily DVD rentals.  The DVD price increase news overshadowed reports of strong third quarter performance and while the dust still settles from the Netflix decision to sharply increase prices.

Reportedly, Coinstar (Redbox’s parent company) nearly double earnings in an announcement this week, but share price fell on Thurday after news of the price increase hit the streets.  The price for a DVD at the Redbox kiosks will rise to $1.20 per day on Monday, however, Blu-ray disc and Xbox game prices will remain at the current $1.50 and $2.00 price respectively.

Coinstar tested the increased price in select markets before the decision was made and found that there will be minimal impact on demand.  The blame for the increase is pinned on the rising cost of DVDs and processing debit card transactions.

[via USA Today]