Coatee-cha! The long rumoured Star Wars live-action TV series has been given a title, a historical setting and a plot. Unfortunately it still has an unworkable budget.

IGN spoke to producer Rick McCallum (the man who failed to stop George Lucas from ruining the prequels) about the project and he was surprisingly forthcoming with details, revealing:

"The scripts take place between episodes III and IV. It's that twenty-year period when Luke is growing up. It's not about Luke, but it's about that period when the Empire is really trying to take things forward. It's called Underworld - that's the working title - and it's underneath what's going on: the criminals and the gangs that are running everything.”

Doesn’t sound too awful. Though we guess it means Boba Fett will have his part built up even more (the whole saga has basically become about him and his dad’s cloned DNA as it is).

Don’t expect to see Star Wars – Underworld in your lifetime though, as Rick doesn’t know where the cash is gonna come from:

"The prequels only cost $100m each, which in Hollywood is nothing."

(Psst… Rick, that’s because they were 90% drawn on a computer and they looked shit.)

"But this is really tough, because we're trying to put the same effects and technology from those two-hour films, into one-hour episodes, and do it every week for $5m an episode.”

Please don’t put the same effects and technology into these one-hour episodes. Just some costumes and some models and a few post-prod explosions is all you need. It worked fine for three of the most popular movies in history!

And if you think the project still sounds a bit vague, McCallum claims they’ve already got 50 finished scripts, which he describes as “complex and dark and adult”. Oh!

*Imagines Snaggletooth doing it*

Watch the interview here: