Why Did George Lucas Sell Lucasfilm to Disney? His Reason, Explained
Why did George Lucas sell Lucasfilm to Disney in 2012? The mythical 'Star Wars' creator had his causes for the verdict. Let's wreck it down!
A long time in the past, in a galaxy a long way, some distance away, a young creative mastermind named George Lucas wrote a spec script titled, "Adventures of the Starkiller as taken from the Journal of the Whills, Saga I: The Star War."
That identify could be revised into what in the long run become Star Wars: A New Hope. And with that, George turned into the daddy of one of the vital biggest leisure franchises of all time. So why did George decide to sell Lucasfilm, his magnum opus if you're going to, in 2012?
The explanation why is a bit simpler than you may expect. After all, George had immersed himself in all things Star Wars because the Nineteen Seventies, enduring a heightened level of repute that also opened him up to intense backlash from lovers. (Seriously George, Han capturing Greedo first made whole sense for Han's personality! But we digress.)
So, why did George Lucas sell Lucasfilm?
To put it simply, George did not need to fail to notice experiencing an ordinary lifestyles whilst he still had the risk. George acknowledged that the decision used to be extraordinarily painful in an interview for the guide, The Star Wars Archives 1999-2005 (via SlashFilm).
George stated, "In 2012 I was 69... So the question was am I going to keep doing this the rest of my life? Do I want to go through this again? Finally, I decided I'd rather raise my daughter and enjoy life for a while."
Per the similar interview, the Star Wars creator had originally planned on crafting his personal Star Wars sequel trilogy. Initially, George thought he could keep Lucasfilm and delegate paintings on his sequel trilogy to other directors. However, George learned that he'd by no means be able to tolerate it given his need to micromanage movie initiatives.
George also realized that he'd need some other ten years minimal to complete yet every other trilogy. He didn't have time to do this and spend time with his daughter.
How much money did George get for selling Lucasfilm?
According to a Forbes report, George sold Lucasfilm to Disney in 2012 for an estimated $4.1 billion in stocks and cash. While the sale supposed that George gave up all inventive rights to Star Wars projects, he nonetheless makes a great deal of money off of the Disney stock he won from the Lucasfilm sale.
Per the Dork Side of the Force, George was the second-largest non-institutional holder of Disney stock, as of 2021. So George does have a large investment in Star Wars profits via his Disney inventory.
George was also accountable for growing the concept that of Anakin Skywalker having his own padawan. He even got here up with Ahsoka's title, adding another iconic character to the Star Wars universe.
In yet every other thrilling development, the Lucas Museum of Narrative Art is about to have a grand opening in Los Angeles someday in 2023. The museum might be devoted to celebrating and provoking long term generations throughout the art of visible storytelling.
Mission completed, George.
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