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Excercept from Time Magazine, Monday, Mar. 6, 1978
George Lucas' Galactic Empire
Get ready for Star Wars II, III, IV, V ...
[...]
The whole purpose of his cosmic [business] conglomerate, Lucas says, is to make money so that he and his friends can escape the tyranny of the studios and make good movies—or at least the kind of movies they like. He was traumatized by his experience with American Graffiti, where Universal arbitrarily cut five minutes from his finished version of the film. He vows that it will never happen again. "It wasn't a film by Lucas," he says bitterly. "It was a film made by me with changes by the studio. That isn't fair." One of the first jobs of Medway Productions will be to put American Graffiti back into distribution. It will be shown, with the five minutes restored, this May.
"I'm simply trying to become a free man. I'm trying to set up an alternative film making that allows me more freedom to do what I want, within certain parameters. We're trying to make a company that will respect the personality and individuality of film makers. Part of my good fortune is to be making progress in that direction. I feel it's a destiny of sorts." He is already helping, free of charge, his friend Francis Coppola cut his epic Apocalypse Now and trim it to something like four hours.
[...]
Lucas said when he was making Star Wars that he was giving up directing, and, true to his word, SWII will be directed by Irvin Kershner (The Flim Flam Man and Raid on Entebbe). "But I've always thought," he says, "that sooner or later, somewhere down the road, I will go back and do another one. But it will be toward the end of the cycle, about 20 years from now." Would you believe 2001?
20 years from 1978 takes us to 1998, at which point Lucas was seated in the director's chair for Episode 1. While this is likely as much a coincidence as it was a conscious decision on his part, imagine for a moment what a Star Wars legacy we could have been left with if he had stayed as true to his talents and original vision as he did to his promise of directing!