3. Steven Spielberg makes 2.5% of the profits from Star Wars
Back in 1977, before Star Wars was released and became the mega blockbuster we all know today, there was a lot of doubt going around if it would even be successful in the first place. Hollywood was skeptical, some of the actors were worried, and even George Lucas had doubts.
But you know didn’t have any doubts at all?
Who happened to be filming a science fiction movie of his own at the time, Close Encounters of the Third Kind.
While filming Close Encounters, Lucas came to visit his friend Steven Spielberg for a couple days while feeling down. Afraid Star Wars was just a glorified kids movie, Lucas felt humbled by what he saw on the set of Close Encounters and offered Spielberg a deal to show just how highly he thought of Steven’s movie while also insuring any failure of his own. He offered 2.5% of Star Wars’s profits verses 2.5% of the profits from Encounters, positive he would walk away with the better end of the deal. Spielberg happily agreed to those terms on the spot.
Close Encounters of the Third Kind made $303 million at the box office.
Star Wars has made $1.48 billion.
What’s 2.5% of $1.48 billion? Close to $40 million which is what Spielberg has taken in from his amazing bet with George Lucas.
No wonder Spielberg is such a big Star Wars fan.
Did you know? In 2012 Disney bought Lucasfilm and the rights to all things Star Wars. The cost? 4 billion dollars.