Star Wars is a media company that has its headquarters in the United States of America. This company has its focus on film series that got to be created by George Lucas. It depicts the various adventures of the characters a long time ago in a galaxy far away.
The franchise was created in 1977, and the first film that was released under it was ‘Star Wars.’ The movie was short with so much creativity such that within a short period, it was a worldwide pop culture thing. What would follow was pop culture thing and the successful sequels ‘Return of Jedi’ and ‘The Empire Strikes Back.’
The three films comprised of ‘Star Wars’ trilogy and the prequel trilogy was released in 1999 and 2005. The sequel trilogy began in 2015 after the release of ‘Star Wars: Force Awakens,’ and it continued with the release of ‘Star Wars: Last Jedi’ in 2017. Continue reading to gain information regarding the net worth of Star Wars in 2019.
In 1971, Lucas signed a contract with Universal Studios to direct two films. He intended one of the two movies to be a Space Opera. Lucas knew from the beginning that film studios were very skeptical about the genre, he chose to direct the idea. His idea was to create a movie ‘American Graffiti,’ and he knew if everything went according to plan, it was going to be a big hit.
In 1973, he started to write the script of the second film which was titled ‘The Journal of Whills.’ This was going to be a Space Opera that was to narrate taring of Apprentice CJ Thorpe. Universal Film would, however, hear none of that as they rejected the film. His resilience saw him look for other sources that were going to take over the film. Luckily, 20th Century Fox decided to invest in the movie, and this saw him expand the script in 1974.
Star Wars has experienced massive growth from the time it was created. In the beginning, they found it quite difficult to make even a single movie, but nowadays, it is a norm to hear them release several movies even at the same time.
The first film that was released by the franchise was in 1977, and it was followed by ‘The Empire Strike Back.’ The movie was released in 1980 and despite the first film being titled ‘Star Wars,’ its second release had a subtitle ‘Episode IV,’ and it was named ‘A New Hope.’ With time, they have released various version of the film including ‘A New Hope,’ ‘The Empire Strikes Back’ and recently ‘Return of Jedi.’
One of the greatest achievement of this company has been the innovative management it has had which has seen it scale the heights of films. This management has understood the importance of diversifying and investing in other media forms. They include novels, comics, video games and audio dramas.
Net Worth & Earnings
The net worth of Star Wars Franchise is over $43.5 billion. Here is how this wealth has come into being: Box Office: $9.3 billion, Home Entertainment: $5.749 billion, Video games: $4.3 billion, Merchandise sales: $17.9 billion and miscellaneous and intellectual property, $3.7 billion and $4 billion respectively.
Star Wars Franchise started from a budget of as a low as $50,000. The company has experienced immense growth, and currently, its valuation is over $40 billion. For the company, it has been a journey that has required patience for the owners and hard work.