July 2, 2014
George Lucas bypassed his fee for directing Star Wars, instead opting to have the licensing rights for Star Wars products and 40% of box office net. This brought in hundreds of millions of dollars for him. All other studios passed on Star Wars while 20th Century Fox took a chance on them. Of course it paid off. Big time.
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Lucas Museum Coming to Chicago
Last week's announcement that the city of Chicago's bid to become the location for filmmaker George Lucas’ Museum of Narrative Arts, sparked a flurry of enthusiastic comments from locally elected and other officials who chimed in on George Lucas’ decision. Lucas' vote of confidence was a major victory for Chicago Mayor Rahm Emanuel and the city, which competed against San Francisco for the museum.