Disney is buying Lucasfilm, the company behind the Star Wars films, from its chairman and founder George Lucas for $4.05bn (£2.5bn).
Mr Lucas said: "It's now time for me to pass Star Wars on to a new generation of film-makers."
In a
statement announcing the purchase,
Disney said it planned to release a new Star Wars film, episode seven, in 2015.
That will be followed by episodes eight and nine and then one new movie every two or three years, the company said.
The last Star Wars film was 2005's Revenge of the Sith, and Disney said it believed there was "substantial pent-up demand".
Disney will pay about half in cash and half in stock, issuing 40 million Disney shares in the transaction.
The deal follows Disney's acquisitions of Pixar studios for $7.4bn in 2006 and Marvel comics for $4.2bn in 2009.
"Our valuation of Lucasfilm is roughly comparable to the value we placed on Marvel when we announced that acquisition in 2009,"
Disney said, adding that the valuation was almost entirely driven by the Star Wars franchise.
Thats is a shame, all good things come to an end