In the 1970s, a fresh crop of film school graduates were looking to shake up the old Hollywood system of having to beg studios for financing and distribution. They had a vision of doing things their way and helping other inspiring directors and writers.
Leading the pack was Francis Ford Coppola. He and George Lucas became friends. Steven Spielberg was a few years younger than them and looked up to and admired them. Coppola started his own movie studio production in the Bay Area, but lack of administrative oversight quickly brought that to a close.
Lucas learned from Coppola's mistakes and made some extremely smart business decisions in the beginning regarding his films, mainly keeping a large percentage of the gross profits and retaining the right to merchandising. In turn, each of them would shatter previous records for the biggest movie ever: Coppola with "The Godfather", Spielberg with "Jaws", and Lucas with "Star Wars". Spielberg shattered Lucas's record with "E.T." And so on. Each movie was bigger and better and it ended up changing the old Hollywood system. Maybe not for the better: thanks to these giant blockbusters, movie theaters no longer wanted to show the kind of smaller, more independent films they used to. The takeaway (for me, anyway) was that they ended up inadvertently destroying the things they wanted to nurture. Coppola almost lost everything and Lucas became a recluse who walked away from his "Star Wars" franchise, selling it to Disney. I've read some about the early days of Hollywood so it was really interesting to read about a different time.







