Our good buds at IESB.net have posted a video clip from their interview of George Lucas the other night. In it he sets the record straight on a few things. Here is a small snippet:

"A few days ago, Variety, trying to make headlines, reported that Uncle George would stop making films and strictly go into the TV business starting with both the animated and live action Star Wars TV series. While acknowledging that he still had two projects in the works, Red Tails and the fourth installment of the Indiana Jones series, the trade stated that he was quitting the movie business.

As it turns out Daily Variety was twisting his words quite a bit, he is not quitting the film business and actually told us the he will never give up filmmaking and agreed that the trade publication blew things out of proportion . ?I?m still doing large features, we are not doing large budgets, even on Indiana Jones we are going to keep the budget down,? says Lucas.

So what about the Star Wars TV series? What has been reported is still pretty accurate, the animated TV series has not been picked up yet and it will take place between Episodes 2 and 3. The live action series will not feature or have anything to do with the characters that we know and will take place between Revenge of the Sith and A New Hope."

To read more and view the video clip, click right here!