On the heels of today's big announcement that The Walt Disney Company has acquired LucasFilm for $4.05 billion and set into motion a plan to produce Star Wars: Episode VII, creator/director George Lucas has released a brand new video where he discusses the future of his franchise with LucasFilm co-chairman Kathleen Kennedy. Take a look, and read on for more details about a new trilogy and more.

During a conference call with Disney investors held earlier today, it was revealed that the studio plans on making a brand new trilogy, with Star Wars: Episode 8 and Star Wars: Episode 9 to follow. There will be a two or three year gap in between each project. Here's what Disney CEO Bob Iger had to say about the acquisition.

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"We love the fact that this will take its place in our live-action strategy as a known and loved brand. We really like Star Wars' potential on TV, and Disney XD would be a great home for that."

We'll keep you posted as soon as more details emerge.