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'Star Wars: Episode 7' to hit theaters in 2015 (+video)

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A new "Star Wars" film, so far titled only "Star Wars: Episode 7," is coming to theaters in 2015 now that Disney has bought Lucasfilm Ltd., the production company of "Star Wars" creator George Lucas, for $4.05 billion, according to reports.

And that's not all – at least two films will follow episode 7, according to chairman and CEO of The Walt Disney Company Robert E. Iger.

"Our long term plan is to release a new Star Wars feature film every two to three years," Iger said in a statement.

"For the past 35 years, one of my greatest pleasures has been to see Star Wars passed from one generation to the next," George Lucas said in a statement. "It's now time for me to pass Star Wars on to a new generation of filmmakers. I've always believed that Star Wars could live beyond me, and I thought it was important to set up the transition during my lifetime.

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