It cost around $80,000 to create the wax likeness of the alien who warmed our hearts in the 1982 blockbuster hit. The exhibit features the iconic scene from the film where a blanket-wrapped E.T. rides in the makeshift basket of a BMX bicycle.
It cost $300,000 to create the likeness of Steven Spielberg, who directed the movie. His wax figure has been in the museum for three years.
"It's the 30th anniversary of E.T., which I can't quite believe myself. It's one of those iconic movies from my childhood. There's a lot of people out there feeling the same way," said Colin Thomas, general manager of Madame Tussauds Hollywood.
A group of kids from Beth Hillel Day School in Valley Village got a kick out of seeing the wax figure. They took pictures with the alien star.
"It was something I grew up with and loved and watched about 50 times. I'm so excited to introduce it to my second graders," said teacher Sherri Winterble.
Just outside of the wax museum, the public loved seeing the alien wax figure.
"It's one of those characters you can't miss. It's timeless, it's classic. Everybody knows E.T.," said Salim Osman of Los Angeles.
