Spielberg would later say:
“He said, ‘Oh my God, your movie is going to be so much more successful than ‘Star Wars’! This is gonna be the biggest hit of all time. I can’t believe this set. I can’t believe what you’re getting, and oh my goodness.’ He said, ‘All right, I’ll tell you what. I’ll trade some points with you. You want to trade some points? I’ll give you 2.5 percent of ‘Star Wars’ if you give me 2.5 percent of ‘Close Encounters.’ So I said, ‘Sure, I’ll gamble with that. Great.’”
“Close Encounters” would indeed be a hit, making $303 million at the box office. However, “Star Wars” would go on to become one of the biggest box-office hits of all time.