George Lucas paid the entire $33 million production fee for Star Wars

George Lucas paid the entire $33 million production fee for Star Wars

George Lucas paid the entire $33 million production fee for Star Wars V himself, taking out a loan from the bank. He made his money back in three months, and Star Wars V went on to gross over half a billion dollars, making it the most successful independent film of all time.

“To preserve the dramatic opening sequences of his films, Lucas wanted the screen credits to come at the end of the films. Even though this is more common now, this was a highly unusual choice at the time. The Writers and Directors Guilds had no problem allowing it on Star Wars, back in 1977, because the writer-director credit (George Lucas) matched the company name, but when Lucas did the same thing for the sequel it became an issue because Lucas had his last name on the start of the film (Lucasfilm), while the director and the writers had theirs on the end. They fined him over $250,000 and attempted to pull Empire out of theaters. The DGA also attacked Kershner; to protect his director, Lucas paid all the fines to the guilds. Due to the controversy, he left the Directors and Writers Guilds, and the Motion Picture Association.
The initial production budget of $18,000,000 was 50% more than that of the original. After the various increases in budget, The Empire Strikes Back became one of the most expensive films of its day and after the bank threatened to pull his loan, Lucas was forced to approach 20th Century Fox. Lucas made a deal with the studio to secure the loan in exchange for paying the studio more money, but without the loss of his sequel and merchandising rights. After the film’s box office success, unhappiness at the studio over the deal’s generosity to Lucas caused studio president Alan Ladd, Jr. to quit. The departure of his longtime ally caused Lucas to take Raiders of the Lost Ark to Paramount Pictures.”

 

 

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