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It's a moot and rather ridiculous point. These attempts to redefine, much less negate Lucas' ownership of the films miss the point entirely.
LOL, you're really out there, ain't ya buddy?
Let's say Bill Gates goes out and buys the Mona Lisa and just about every classic piece of art available, and then burns them all.
How you feel about those actions has NOTHING to do with legal ownership, and everything to do with a meglomaniac wantonly destroying pieces of our cultural heritage.