In an announcement that is so stunning and game changing in its scope that we had to check the date to make sure that it wasn't April 1st, Walt Disney Company has entered into an agreement to acquire Lucasfilm Ltd. from George Lucas as we enter into Kathleen Kennedy's stewardship of the most beloved space fantasy franchise in history.

Lucasfilm Ltd. today announced that Kathleen Kennedy will become Co-Chair of Lucasfilm. In an effort to move forward with his retirement plans, George Lucas will work with Kathleen Kennedy to transition into her new role. Lucas will become Co-Chairman of the Board of Lucasfilm and continue as CEO. Micheline Chau will remain as President and COO of Lucasfilm, and continue to focus on the day-to-day operations of the business.