It has been confirmed by Disney and Lucas Film that the newest installment of the "Star Wars" franchise will begin shooting in Pinewoods Studios near London in May.

While little has been revealed about the plot, according to BBC, "Star Wars: Episode VII" is set about 30 years after the events that took place in "Episode 6: Return of the Jedi". The press release states that the movie "will star a trio of new young leads along with some very familiar faces."

There have been a number of strong rumors circulating that the "familiar faces" may be the original trilogy cast including Harrison Ford, Carrie Fisher and Mark Hamill. Additionally, according to Syracuse.com, fan favorites C-3PO, R2-D2 and Chewbacca are expected to be in "Star Wars 7."

This newest film is the first of three planned sequels and Screen Crush has revealed that similar to the original character set-up, the film will feature a new male and female character, rumored to be the children of one of the original trio, giving the movie continuity and a similar character structure to the original trilogy. So far the only confirmed cast member is Adam Driver who will play the role of the villain.

Auditions For The Film

Last November, open auditions for two roles in the new films were held in the UK and Ireland which included a "street smart and strong" orphaned girl in her late teens and the other role a "smart capable" man in his late teens or early 20s, recalls BBC.

It has not been confirmed if any actors that have been cast were actually identified through the auditions.

Other films In The Works

The exciting news announcement was reported to have been made during Disney's annual shareholders meeting that include President Bob Iger. Multiple sources have said that Pixar is currently working on "Cars 3" and the long-awaited sequel to "The Incredibles."

Seeing as how "Jedi" was released way back in 1983, it'll be easy enough to explain why the original characters have since aged making the storyline much more believable. The film scheduled to hit theaters December 18, 2015 will be directed by JJ Abrams.