George Lucas : Star Wars movies don't bring in the big bucks

George-Lucas-2015

© Nicolas Genin

George Lucas admitted this week something about the business of the Star Wars franchise that may come as a surprise.

The huge success of the Star Wars movies led to an even bigger profit margin outside of the box office where fans were making Lucasfilm a fortune.

Speaking with Robert Redford at the Sundance Film Festival, the Star Wars creator admitted that, "All the money is in the action figures." Lucas then criticized Hollywood for the way films were being distributed, attacking studio executives as, "not the most sophisticated people in the world."

Indiewire reports that the Star Wars empire earned Disney $3 billion in merchandising sales last year and concludes that the purchase of Lucasfilm by Disney for $4 billion was a pretty good deal.

In any case, Lucas no longer has any creative input in the Star Wars franchise and admitted that Disney had taken none of his ideas for 'Star Wars VII'.

With the film heading to theaters in December 2015, it looks like the Star Wars toys business is going to be an even bigger money maker for Disney.

Some of the rarest memorabilia items can sell for as much as $10,000 and in the years to come, we can expect props and toys of 'Star Wars 7' to be just as valuable.

Iain Alexander

Founder - Film Industry Network

Share

Recent news

How TV & Film Merchandise Shape Consumer Desires

The influence of TV and film on consumer behaviour is a dynamic aspect of contemporary…

April 4, 2024

What Should Students Know Before Choosing the Film Industry as Their Future Profession?

Before deciding to pursue a career in the film industry, you must consider several critical…

April 3, 2024

Mahdi Al-Sharshani Ali Brings Fresh Ingredients to the Film Production Industry

Mahdi directed, wrote, and produced over 30 short films at the Doha Film Institute.

March 28, 2024

How to make your entertainment business look more professional

Whether you are new to the business world or not, it's essential to make a…

February 8, 2024

6 Career Tips for the Aspiring Sound Editor

Embarking on a career in sound editing is an exciting venture, filled with opportunities to…

January 17, 2024

Clermont-Ferrand International Short Film Festival reveals 2024 lineup

The International Competition is set to showcase 66 films representing 52 nationalities.

December 19, 2023