Lucasfilm
Under the deal, Disney acquired ownership of "Star Wars", "Indiana Jones", and Lucasfilm's operating businesses in live-action film production, consumer products, video games, animation, visual effects, and audio post-production. Disney also acquired Lucasfilm's portfolio of entertainment technologies. The intent was for Lucasfilm employees to remain in their current locations. "Star Wars" merchandising would begin under Disney in the fiscal year 2014. Starting with "Star Wars Rebels", certain products will be co-branded with the Disney name, akin to what Disney has done with Pixar. On December 4, 2012, the Disney-Lucasfilm merger was approved by the Federal Trade Commission, allowing the acquisition to be finalized without dealing with antitrust problems. On December 18, 2012, Lucasfilm Ltd. converted from a corporation to a limited liability company, changing its name to Lucasfilm Ltd. LLC in the process. On December 21, 2012, Disney completed the acquisition and Lucasfilm became a wholly owned subsidiary of Disney.
Star Wars
Lucas decided to leave the franchise in the hands of other filmmakers, announcing in January 2012 that he would step away from making blockbuster films.
In October 2012, The Walt Disney Company agreed to buy Lucasfilm and announced that "Episode VII" would be released in 2015. The co-chairman of Lucasfilm, Kathleen Kennedy, became president of the company and served as executive producer of new "Star Wars" feature films. The sequel trilogy also meant the end of the existing "Star Wars" expanded universe, which was discarded to give "maximum creative freedom to the filmmakers and also preserve an element of surprise and discovery for the audience."