George Lucas Reveals Reasons for Selling Star Wars and Retiring

George Lucas revealed during an interview at Cannes that he sold Star Wars in 2012 due to issues with theatrical distribution and the rise of streaming platforms. He sensed a major transition in the film industry and felt uncertain about the future, leading to his decision to retire. This foresight is in line with his past decisions, reflecting his ability to anticipate industry changes. The Star Wars franchise has indeed shifted towards streaming, with several TV shows debuting directly on Disney+, indicating the significant impact of the streaming era on Lucas' iconic universe.