Is Disney’s ‘Star Wars Episode VII’ in Trouble?

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For those who have been waiting for some big news from Walt Disney Co.’s (NYSE:DIS) camp regarding Star Wars Episode VII, some potentially game-changing news were reported on Thursday — although the jury’s not yet out on whether the news is good or bad.

In a post on on Thursday, Lucasfilm President Kathleen Kennedy announced that former Pixar writer Michael Arndt has exited Star Wars Episode VII, leading the way for Lawrence Kasdan and director J.J. Abrams to handle writing duties. Kasdan, who had previously been working on the film in a consulting position and had been set to take on larger roles in Episode VIII, IX, and the Star Wars spinoffs, is the writer behind Star Wars Episode V: The Empire Strikes Back, Star Wars Episode VI: Return of the Jedi, and Raiders of the Lost Ark.

“I am very excited about the story we have in place and thrilled to have Larry and J.J. working on the script,” Kennedy wrote on the blogpost. ”There are very few people who fundamentally understand the way a Star Wars story works like Larry, and it is nothing short of incredible to have him even more deeply involved in its return to the big screen. J.J. of course is an incredible storyteller in his own right. Michael Arndt has done a terrific job bringing us to this point and we have an amazing filmmaking and design team in place already prepping for production.”