https://www.chicagobusiness.com/marketing-media/ebony-jet-photo-archive-likely-land-museum
Now this move by Lucas and Hobson to save the archive can only be commended and on a personal level, I’m delighted that they took this action, yet at the same time, it serves to reinforce the double standards and contradictions by Lucas regarding his own work.
Mellody Hobson, president of Chicago-based Ariel Investments, and her husband, film-maker George Lucas, sought through their San Francisco-based Capital Holdings V firm to take possession of the collection because it was used as collateral for a $12 million loan they made to Johnson Publishing in 2015. The loan has been in default for several years and they’re now owed $13.6 million. They were particularly concerned about the safety of the collection, noting it was sitting uninsured on leased premises.
“The risk of inadvertent disaster cannot be overstated,” the billionaire couple’s Capital V said in its April 22 filing with the court. “As the world has seen in recent days, historical icons are not immune from catastrophe and can be destroyed within minutes. Such risk is especially prevalent for fragile photographs.”
If only Lucas felt this way about his own material.