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George Lucas To Quit Movie Business 520

CaroKann writes, "Variety is reporting that George Lucas is getting out of the movie business. Mr. Lucas laments that today's big-budget franchise films are too expensive and too risky. He believes American audiences are deserting their movie going habits permanently. Instead of making major films, Lucasfilm will instead focus on television. Lucas states that for the price of one $200 million feature movie, 'I can make 50-60 two hour movies' that are 'pay-per-view and downloadable.' Notably, he does not plan on distributing movies online, calling online distribution a 'rathole.'"

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