I want to cry, but I'm not sure if it's out of joy or sorrow.
The plan is to make Episode VII for a 2015 release. In 2008, Lucas said straight up that neither he nor anyone else would ever make another Star Wars movie, period.
en.wikipedia.org/wiki/Star_War…"In an interview published in Total Film in May 2008, Lucas also ruled out anybody else ever making the sequel trilogy (or other future Star Wars features). Asked if he was happy for new Star Wars tales to be told after he was gone, Lucas replied: "I've left pretty explicit instructions for there not to be any more features. There will definitely be no Episodes VII–IX. That's because there isn't any story. I mean, I never thought of anything. And now there have been novels about the events after Episode VI, which isn't at all what I would have done with it. The Star Wars story is really the tragedy of Darth Vader. That is the story. Once Vader dies, he doesn't come back to life, the Emperor doesn't get cloned and Luke doesn't get married..."[34] The phenomenon of the Star Wars 'Expanded Universe', with stories told in novels, comic books and other media, also appears to have been a factor in Lucas seeing no need to produce a sequel trilogy: "Whatever it is that happens afterward, that isn't the core Star Wars story that I like to tell," he said in 2008. "There really isn't any story to tell there. It's been covered in the books and video games and comic books, which are things I think are incredibly creative but that I don't really have anything to do with other than being the person who built the sandbox they're playing in."[29]"
So instead of THAT, he went ahead and sold his "sandbox" to Disney, saying that he wants the story to grow and that he feels it's time to pass the torch to a new generation of filmmakers, et cetera. This can go one of two ways, as far as I see:
1) Disney will take this "sandbox" and add soft plastic Jar-Jar Binks-shaped bumpers to the corners and pink gluten-free safety-sand
2) Disney passes the production down to the same subsidiary that makes the Marvel movies and creates something:
a) epic and awesome because they got a great writer, director and cast and crew
b) completely soulless because they got someone like the Transformers guy and a childhood-raping writer who thought that the series needed a "reboot" and a bunch of pretty-but-empty A-lister KStew/Abercrombie & Fitch clones, but they spend 80 million dollars on wrangling in the Pixar AND ILM guys to make exploding CGI robots with lightsabers and Force powers, so it's way flashy.
Either way, Lucas will get some kind of "original story by" or "co-executive producer" credit, and will be rich enough to start his own space program and retire on the moon.