“When released in May 1977, Star Wars was a huge hit, earning $460 million in the United States and $314 million overseas, and beating Jaws to become the world’s most financially successful film. In Guy Haley’s Sci-Fi Chronicles: A Visual History of the Galaxy’s Greatest Science Fiction (2014), the picture had out-sold most other blockbusters of the period. The eventual cost of the effects was $2.5 million, still extremely modest by the standards of that day and this.” It was then $9.5 million and the film went $3 million over budget because of the high cost of creating a nonexistent world. According to film critic and writer Charles Champlin, in his book George Lucas, the Creative Impulse, “inflation had doubled to $7 million even before production began. Originally, the budget had been placed at about $3.5 million. It’s part of Star Wars lore and legend that, prior to studio head Alan Ladd Jr.’s interest in rescuing the production for Twentieth Century-Fox, several other studios had passed on the project, to include Universal (which had earlier released Lucas’ American Graffiti) and United Artists. The price tag for George Lucas’ epic science-fiction/adventure flick has been variously estimated at between $10 and $15 million U.S.
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