UPDATE: Star Wars Episode VII is not so far, far away

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(WTVR/CNN) – Filming for Star Wars Episode VII has begun, according to Disney Chairman Alan Horn. Variety.com reported Horn said most of the casting for the highly anticipated film was complete.

“We have a lot of them, it’s not completely done yet,” Horn said.

While nothing official about characters or plot has been released, the story Stars Wars Episode VII is rumored to tell revolves around the children of Han Solo and Princess Leia, with several actors and actresses from the first Star Wars trilogy reprising their classic roles.

In 2012 the Walt Disney Company agreed to buy Lucasfilm in a stock-and-cash deal valued at $4 billion. The takeover gave Disney control of Lucasfilm’s blockbuster Star Wars franchise.

“It’s now time for me to pass Star Wars on to a new generation of filmmakers,” George Lucas said in a written statement about the sale. “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.”

Last year it was announced J.J. Abrams would direct the next Star Wars. The movie is expected to hit theaters in 2015.