Yeah, there really wasn't a blueprint (or perhaps even a precedent. I can't recall any off the top of my head) for that sort of thing in 1984.
The ironic thing is that it might've been the wiser financial call as well as an artistic one. According to Wikipedia, the budget was $40 mill (an astounding and risky budget for a film of that era actually), and it only grossed $30 mill. You figure maybe an additional $10 mill to have fleshed this out to around a 4 hour story, which you then divide in two. Average budget: $25 mill apiece. So right there after one film you're technically up $5 mill (I know that's gross and not net, but for simplicity's sake). Even if you lose a 1/3 of your audience with part 2, that still puts you at a $50 mill gross against $50 mill spent. And with the burgeoning home video and pay cable markets, this would also allow you to sell two films rather than one.
I know, I know. That's all the equivalent of fantasy football, but still, that's what these boards are for !
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A journey into the realm of the obscure: http://saturdayshowcase.blogspot.com/
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