Sunday, December 15, 2013

                 Holding thirteenth place on the American film institute's list of the top 100 american films, Star Wars is widely known as one of the most influential movies of all time, with two very succesful planned sequels following right after, and later, 3 prequels with mixed reviews, but still with a great amount of success. It currently stands with 27 billion dollars in revenue, hundreds of spin off stories and a new TV show, millions of fans, some of the most recognizable stories and characters of all time, and now, nearly 9 years since the 6th movie, episode 3, was released, the series has a new owner, and plans for a 7th film to be released in 2015.
                 Set to be directed and co written by J.J. Abrams, with support from its new owner of Disney, people wonder whether these new sequels will turn out better than the last, the prequels being known by many original Star Wars fans as a disappointment. But many also believe that these new movies to be made will be done extremely well, and be a good contribution to the series. And what exactly would happen if a new batch of Star Wars movies were made, and they ended up being as popular as the first?
                  From an economical standpoint, this would be huge. As all of the success from the series can be traced back to its revenue, all points to consider will be related back to them. First, the movies alone had a combined box office sale of 4.4 billion, with the newer movies actually making more on average than the originals. If only 3 more were made, going by this pattern of increased value, the movies could make at the least, another 2.5 billion dollars. But box office sales aren't where Star Wars made most of its money, the toys were. Just under 3 times the value of ticket sales, 12 billion dollars, is how much money was made selling Star Wars toys. Disney, a large producer of toys, would no doubt further there profits by putting out more and more of these, from action figures to toy lightsabers, billions of dollars could still be made in new lines of toys. What this means, is that Star Wars would be a major influence to the economy for years after they are made, and Disney stands to gain all the 4 billion they spent to buy Star Wars from creator George L:ucas and then some. This will in turn provide money for other future projects, maybe another Indiana Jones, which they also now have the rights to, or even movies made by those influenced by star wars, new generations of film makers to come. Regardless of critical acclaim or popularity, the new Star Wars movies may be the source of the greatest economical impact we've seen in a long time.

1 comment:

  1. Instinctively, I struggle with the idea of sequels, especially to old movies. With the exception of the second half of The Clone Wars, I really hated the Star Wars prequels. I remain a HUGE fan of the originals. I am also a big Indiana Jones fan, but I really disliked the most recent sequel. I think I might struggle with the new-age special effects.

    Anyway, the topic you have chosen for this post is a good one. I will look forward to seeing how the market reacts to an Episode 7.

    There are some issues with the writing in this post. If you look just at your first paragraph, I think you will see some areas you could have improved. Your first paragraph consists of two very long and convoluted sentences. You would be much clearer if you tried to write shorter sentences.

    ReplyDelete