10 Things You Didn't Know About Hollywood
2. Hollywood Originally Turned Down Raiders
As William Goldman says, “Nobody Knows Anything”, meaning that not a single person in Hollywood has the faintest idea what the Next Big Thing will be.
When George Lucas and Steven Spielberg, two of the most commercially successful directors of all time even in 1980, proposed an old-fashioned action adventure movie in the spirit of the Saturday matinee serials, Universal, Fox and Columbia turned them down. Raiders Of The Lost Ark was eventually made at Paramount, and the rest you know.
Universal and Columbia, in particular, must’ve been kicking themselves. Between them, they’d managed to pass on Star Wars and E.T., each of which made a billion dollars worldwide.