George Lucas will be inducted into the Toy Industry Hall Of Fame at the Toy Of The Year Awards event. The event takes place Saturday, February 10, 2007, in New York City.

Here's a small snippet from Yahoo.com:

"From the time it premiered in 1977, George Lucas' "Star Wars" saga took the world by storm and created a cultural phenomenon that has touched generations of kids with its epic battles and legendary characters. In addition to winning eight Academy Awards, the "Star Wars" movies set new standards for sophistication in film visuals and sound, and revolutionized the toy industry at the same time. The first "Star Wars" film inspired Kenner Products' creation of the 3-3/4-inch action figure scale, which remains an industry standard today. Designed, manufactured and marketed by Hasbro, Inc. since its purchase of Kenner in 1991, "Star Wars" toys and games are one of the best-selling toy lines in the industry's history."

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Thanks to David Reinke for the heads up.