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George Lucas steps away from LucasArts

31 May 2012
He still has a hobby to fall back on.
George Lucas is stepping away from his production company, LucasArts, and hopes to embrace more experimental films. Earlier this year, he said that he planned to take a back seat from day-to-day business, but has now announced that he is leaving altogether. In his final statement, he reiterated that he wants to focus on his hobby and face less pressure. Lucas said, “I'm moving away from all my businesses, I'm finishing all my obligations and I'm going to retire to my garage with my saw and hammer and build hobby movies. I've always wanted to make movies that were more experimental in nature, and not have to worry about them showing in movie theatres."
This move casts fresh doubt over the fifth installation in the Indiana Jones franchise and a planned TV series of Star Wars. Lucas was in-line to write and produce the first season before handing over control, but the project was placed on hold due to budget concerns. Other projects may also be affected by this decision, but the full extent of his stepping away hasn’t been discussed yet.
Reports suggest that Lucas’ difficulty getting backing and distribution for Red Tails has contributed to his disillusion with Hollywood. Red Tails cost approximately $58 million and was eventually funded by Lucas himself. The film tells the story of the Tuskegee airmen, a squadron of untested African-American pilots who won nearly 100 distinguished flying crosses during World War II.
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