However, Lucas was not just thinking about the franchise’s survival, he was also considering his own. Speaking to the New York Times, Lucas said, “I’m doing this so that the films will have a longer life, so that more fans and people can enjoy them in the future.” He said he believed that Disney was the right company to sell the company to, as they had both t he resources and the expertise to continue and expand the saga of the Star Wars universe. Lucas has said that he decided to let go of his creation because he believed it was time to pass the baton to a new generation of filmmakers.
Trust your instincts! And take this quick 10-question quiz to find the right Star Wars film to watch this May the 4th! /gFlqvvsD7y- Star Wars Why did George Lucas sell the Star Wars franchise? WGA writers strike cancels late-night shows, more TV shows could be affected.Billie Lourd reveals why she did not invite Carrie Fisher’s siblings to Walk of Fame Ceremony.The deal also included Lucasfilm’s other properties like the Indiana Jones franchise and Industrial Light & Magic, the visual effects company that Lucas founded.Īfter Disney took over, there have been a number of new Star Wars films, TV shows, theme park attractions, and other forms of entertainment. The agreement included the rights to all existing Star Wars films, as well as the rights to create new movies, TV shows, and other merchandise based on the brand.
How much did George Lucas sell Star Wars for?ĭisney acquired Lucasfilm, the production company founded by Lucas, on Octofor a reported $4.05 billion. Star Wars has grown to become one of the most successful movie franchises in history since the first film premiered in 1977, but it is now run by the Walt Disney Company after its creator George Lucas decided to sell it.
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