Where did Lucas get the money to finish Star Wars?

Where did Lucas get the money to finish Star Wars? - From above of crop banknote of European Union placed on table with dollars

An interesting facet of the production of Star Wars (1977) is that it was very heavily edited; in fact, it even won an Academy award for editing. A lot of the original raw film was terrible, and the original script and scene sequencing was deeply problematic. The deep editing process corrected a large number of serious flaws in the original footage and script. This was often accomplished with voice overs and sophisticated inserts. For example, in the original form of the production it was not clear what the alliance characters were doing by infiltrating the Death Star. This was fixed by adding an insert showing Obi Wan Kenobi disabling the tractor beam. This insert features an elaborate set and animated graphics.

Obviously, this extensive post-production editing process and addition of many inserts with their own sets must have been very expensive. I wonder how it is that this money was found. I understand that originally Lucas was on a shoestring budget and that personally he was broke. His car got repossessed and he was rationed to eating one stale Big Mac a day. How is it that such a penurious production was able to find a large sum of money to do the elaborate editing and post-production work that greatly improved the final result?



Best Answer

In the summer of 1976, George Lucas had a decision to make. He was deep into the production of Star Wars, having poured most of his own money into producing the film. In the end he turned to Fox Entertainment who helped him out. The deal memo provided Lucas with $15,000 for developing the film, $50,000 for the script, $100,000 to direct, and 40 percent of net profits.

The link to the article is here: https://www.inc.com/jeff-haden/43-years-ago-star-wars-creator-george-lucas-made-a-4-billion-decision-even-though-it-had-nothing-to-do-with-money.html




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Where did Lucas get the money to finish Star Wars? - Colorful flag of America and roll of paper bills
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Where did George Lucas get money for Star Wars?

While George Lucas earned a hefty amount from the box office collections, his real money came from the merchandise sold by the studio that he had full rights over. Star Wars sold $100 million worth of toys between 1977 and 1978. To date, it has sold over $12 billion worth of Star Wars-themed toys.

How does George Lucas have so much money?

Lucas does not earn any royalties from the newer movies or shows as a writer, director, or even creator. However, because of the Disney stock shares he received as part of the transaction, Lucas still sees a hefty payout due to the value of the stocks.

Does George Lucas still get royalties for Star Wars?

When the budget for The Empire Strikes Back ballooned to $10 million over their original estimate, the entertainment branch of Bank of America that put up a loan to help Lucas cover the movie's costs pulled out, despite the fact that this was the (relatively) financially secure sequel to the then-highest-grossing movie ...



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