Last month, George Lucas revealed that he had fifty hours of his Untitled Star Wars TV Series scripted and ready to go. Yet, Lucasfilm is not moving forward on the project due to its immense budget.

Producer Rick McCallum has now come forward with new information, and according to him, the Untitled Star Wars TV Series is on indefinite hold for three to five years, and may never see the light of day despite there being fifty third-draft scripts ready to go into production at this very minute.

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The hold-up is purely financial, as each episode would cost roughly the same price as a feature-length film. At this point, Rick McCallum doesn't even think the series will get made due to the world of broadcast and cable television imploding. He doesn't feel there will be a marketplace for a well-written sci-fi drama in five years time.

This is what he had to say.

"The TV series is on hold, but that has nothing to do with the Czech Republic; it has to do with [the episodes being] so ambitious. We have 50 hours of third-draft scripts, but the problem we have is there is a lot of digital animation; we don't have the technology yet to be able to do them at a price that is safe for television. Since we would be financing them, it would be suicide for us to do this [now]. So we are going to wait three or four years. Network television and cable television as we know it are completely imploding, so we're not really sure that in five years' time we can release a dramatic one-hour episode because it is all reality TV now."

Rick McCallum also gave the most detailed description of the Untitled Star Wars TV Series that we've heard thus far, comparing it to the The Godfather trilogy.

"It takes place between episodes three and four, when Luke Skywalker was growing up as a teenager, but it has nothing to do with Luke. Basically, it is like 'The Godfather'; it's the Empire slowly building up its power base around the galaxy, what happens in Coruscant, which is the major capital, and it's [about] a group of underground bosses who live there and control drugs, prostitution."

Rick McCallum confirmed that a teenage Luke Skywalker would not appear in the series, but he didn't reveal if any other popular characters would (or wouldn't) be dropping in.

Do you care if the Untitled Star Wars TV Series becomes a reality at this point? Should Rick McCallum and George Lucas shave these fifty hour-long scripts into a six-hour feature film trilogy? To read more with Rick McCallum, CLICK HERE