One of the characteristics of near-death experiences is to strive for win-win deals in life. On Tuesday, Nov. 6, 2012, the Daily News reported that “George Lucas’ special effects firm will help Disney save as much as $20 million a year.”
George Lucas’ Industrial Light and Magic (ILM), a subsidiary of George Lucas’ film production company Lucasfilm Ltd., was started up in order to produce the special effects that George Lucas needed for movies like Star Wars, Raiders of the Lost Ark, Indiana Jones, and Back to the Future. The Daily News report states that ILM will help Disney to save as much as one-third in special effects costs for high budget movies.
According to ILM’s official website, ILM has locations in San Francisco and Singapore and is one of the leading effects companies in the world. Since its startup in 1975, “ILM has created visual effects for nearly 300 feature films and has played a key role in 10 of the top 15 worldwide box office hits of all time and contributed to half of the top 50.”
Among the technical and creative innovations developed by ILM is blue-screen photography, matte painting, model constructions, motion control cameras, optical compositing, computer graphics, digital imaging, Morfing, simulations, wholly computer-generated characters, life-like distortions of the human body, film input scanning, wire removal, Imocap, and the EXR file format.
Over the years, George Lucas’ Industrial Light & Magic has won several visual effects Academy Awards and has done commercial work for companies like Energizer, Nike, Budweiser, Nickelodeon, and Coca Cola.
For Disney, having acquired George Lucas’ Industrial Light and Magic means not only huge savings in its special effects budget but additional revenues by providing special effects services to commercial companies and other major Hollywood studios.
For George Lucas, having sold ILM as part of Lucasfilm Ltd. to a company like the Walt Disney Company, means that his life’s work of over 40 years and his creative vision will continue to live on and provide a win-win situation for everyone. As George Lucas told Oprah in the short interview Filmmaker George Lucas’ Near-Death Experience, “Maybe there is a reason I survived this accident that nobody should have survived.”
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