2.5% of a few billion is pretty sweet. 2.5% of Hollywood accounting is probably a little annoying.
Everyone was sure Star Wars would fail commercially. When George Lucas went around Hollywood to pitch his idea, all but one studio turned him down. Star Wars only happened because Alan Ladd, a 20th Century Fox executive, liked American Graffiti so much he demanded the movie to be made. 20th Century Fox at the time were close to financial ruin, but Star Wars became so successful, it single-handedly resurrected the studio. It is, in the words of the Senate, quite _ironic_ that a movie deemed unprofitable ended up bringing back an entire major studio's profits
This was the best trade deal in the history of trade deals.
This was the funniest part for me:
>However, fewer than 40 theaters ordered the film to be shown. In response, the studio demanded that theaters order Star Wars if they wanted the eagerly anticipated The Other Side of Midnight based on the novel by the same name.
I'm just imagining theatre owners grumbling as they are grudgingly forced to play *Star Wars*, just so they can get access to *The Other Side of Midnight*, which will obviously be the summer's real smash success.
*Close Encounters* was a pretty big hit IIRC. But nothing is Star Wars for royalties.
Everyone is talking about this "Hollywood accounting" thing that I've never heard of.
Looking it up, it looks like a LOT of people have been royally screwed out of money when they were an **integral** part of many huge movies.
##What the fuck, Hollywood.
Even actors/writers/directors get fucked over by the company they work for. They're just like us.
Back in the day when ringtones were popular I had the classic five tones from Close Encounters as mine. One day I got a call when I was hanging out with a friend of mine and she went right into a panic attack. Turned out she had a sincere phobia of gray aliens.
I haven’t thought about that in years.
I'm surprised he still gets money after Disney bought the rights.