George Lucas is a very rich man. By comparison, Steven Spielberg has directed more than 30 different feature films, many of which geoorge on to become some of the most successful classic films of all time. So how did George Lucas generate such a huge personal fortune from a single movie franchise? It all comes down morw one incredibly simple, yet amazingly brilliant billion-dollar decision in …. Prior toGeorge Lucas was still very much struggling to make his way in Hollywood. His first major directorial debut was ‘s THXwhich starred Robert Duvall in a futuristic world, where android robots control society with drugs that suppress human emotions. Lucas’ next movie was ‘s American Graffiti. Lucas was now a hot commodity. Lucas first had the idea for what he described as a «western set in space,» called The Star Warsin He worked on the script for the next two years, while his personal debt mounted and his film career floundered.
How much money has Disney made from Star Wars?
Yes, George Lucas did make more money from merchandising than from the Star Wars movies themselves. This all goes back to a brilliant business deal Lucas struck with 20th Century Fox in Lucas countered with the proposal that his fee would stay the same, but that he would keep rights to merchandising and any sequels. Thus, he laid the foundations for a personal entertainment empire that would later make him a billionaire. Despite the massive success of the movies, he actually made more from the sale of toys. When Lucas sold off the Star Wars franchise to Disney in , his fortune had already grown beyond a billion dollars. Lucas was a new director basically right out of film school. He had made exactly two films. Then he approached the studio with his real dream project, a sci-fi film. Instead, sign all rights to toys and product marketing over to me.
What Lucasfilm projects are coming up?
They rushed to sign the paperwork…and laughed at him when he left the room. It has been stated that the real money from Star Wars was in the merchandising. George Lucas owned all the merchandise rights after the first film and Star Wars has generated over 12 billion in merchandise sales versus 9. Moreover, it is estimated that Star Wars merchandise generates over 3 billion a year in sales. Sign In. Did George Lucas make more money from licensing and merchandising Star Wars than from actual movie profits? Update Cancel. Is there a marketplace for APIs or microservices? Continue Reading. You dismissed this ad. The feedback you provide will help us show you more relevant content in the future.
Filmmaker George Lucas has an estimated net worth of $6.4 billion, thanks to his creation of two entertainment franchises with cult-like followings.
That didn’t mean the film would actually be made , though: The «Election to Proceed-Turnaround» clause stipulated that the studio could withdraw financial support at any time. In short, Fox was paying for a screenplay; if they liked it, they could ask for revised drafts. If not, they could bail. In the meantime, Lucas’s American Graffiti became a huge hit, providing Lucas with the financial resources to forge ahead: Hiring artists to conceptualize characters, setting up Industrial Light and Magic to build special effects cameras and equipment Lucas had basically gone all in; the easiest people to negotiate with are those who have everything to lose. But waiting had actually put Fox in a bind; by now, American Graffiti was one of the top grossing films of all time, making Lucas a hot commodity. He wanted control over any and all Star Wars sequels.
“All The Money Is In The Action Figures”: George Lucas Slams Empty Hollywood Blockbusters
He dreamed of being a race car driver, but that all came to a halt after a car crash, according to a profile of Lucas in The Atlantic. Inspired by a cinematographer he had built a racing car for, Lucas enrolled in film school. He went on to helm one of the biggest franchises of all time — » Star Wars » — and co-create another box-office franchise, «Indiana Jones. Lucas is currently married to his second wife , Mellody Hobson, with whom he has one biological child.
And, I just wanted to have fun. Characters, conceived original concept for the film, creative consultant on director Ron Howard’s first day on set. After purchasing the company from Lucas in Oct. Star Wars Resistance. Time is more important to me than money. Lego Star Wars All Stars. Star Wars: The Force Unleashed. Credited author ghostwritten by Alan Dean Foster. Retrieved September 26, Brackett’s screenplay was rejected after her decease.
What did the ‘Star Wars’ creator really want? Creative control.
Gimme Shelter. Archived from the original on June 16, So the entity Disney paid the least for, Marvel, has actually brought them the most heat lately. Namespaces Article Talk. Also uncredited director of reshoots [8]. Brackett’s screenplay was rejected after her decease. And that was before Avengers: Endgame broke every box office record in sight. This is George Lucas ‘s filmographyincluding those films that he was involved with as directorscreenwriterexecutive producer or actor. Wikiquote has quotations related to: George Lucas filmography. Look at Life Freiheit Herbie Star Wars: Forces of Destiny.
What Lucasfilm projects are coming up?
George Lucas with artwork for his new movie, «Strange Magic. Instead, » Strange Magic ,» a fairytale musical about fairies, goblins, and elves, will be the «Star Wars» creator’s first full-length animated feature.
At a press conference for the film Friday afternoon, Business Insider asked Lucas why he would turn down working on more «Star Wars» movies to focus on an animated feature about fairies. Lucas shared that the movie is really about his three daughters, Amanda, Katie, and newborn Everestwhereas «Star Wars» was about his son. He also explained that w hen he began working on the film, he hadn’t sold his company Lucasfilm yet to Disney.
After purchasing the company from Lucas in Oct. Here’s Lucas’s explanation in full to us. It has been slightly edited for clarity. Well, originally I had two daughters, and eventually, another daughter. You know, the year-old boy one worked for everybody from eight months to 88 and boys, girls, dogs.
It really worked. And, I just wanted to have fun. I was directing ‘Star Wars’ while I was doing. I had a little group of guys and girls that were working on this thing. I want to retire. Time is more important to me than money. And, so, I just did it and hoped that Kathy [Kennedy] and everybody who has been working on the film and everything would follow through and Disney would put up the money to finish it.
It turned out extremely. Account icon An icon in the shape of a person’s head and shoulders. It often indicates a user profile. Login Subscribe. My Account. World globe An icon of the world globe, indicating different international options. Kirsten Acuna.
While Hollywood expected «Star Wars» to be a huge flop init ended up, as we know, one of the most financially successful films of all time, and kicked off a franchise that can’t be killed. Expectations are incredibly high. While George Lucas gave up control of the franchise inhe still made a tremendous profit off of it.
In 1971, George Lucas launched his production company, Lucasfilm, and with it, his claim to fame.
That is not just because he created the original story. This smart move ultimately turned him into one of the most successful people in the entertainment industry. Source: Pajiba. Source: The Hollywood Reporter. Source: USA Today. Source: Variety ; Forbes. While Lucas was given the opportunity to consult, he decided to hand ffom the reins to Toyw. Source: Reuters. Account icon An icon in the shape of a person’s head and shoulders. It often indicates a user profile. Login Subscribe. My Account. World globe An icon of the world globe, indicating different international options.
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