Spielberg predicts “implosion” in the film industry.

From the Hollywood reporter:

Steven Spielberg predicted an “implosion” in the film industry is inevitable, whereby a half dozen or so $250 million movies flop at the box office and alter the industry forever. What comes next — or even before then — will be price variances at movie theaters, where “you’re gonna have to pay $25 for the next Iron Man, you’re probably only going to have to pay $7 to see Lincoln.”

George Lucas agreed that massive changes are afoot, including film exhibition morphing somewhat into a Broadway play model, whereby fewer movies are released, they stay in theaters for a year and ticket prices are much higher. His prediction prompted Spielberg to recall that his 1982 film E.T. the Extra-Terrestrial stayed in theaters for a year and four months.

The two legendary filmmakers were speaking at the University of Southern California as part of the festivities surrounding the official opening of the Interactive Media Building, part of the USC School of Cinematic Arts.

Lucas and Spielberg told USC students that they are learning about the industry at an extraordinary time of upheaval, where even proven talents find it difficult to get movies into theaters. Some ideas from young filmmakers “are too fringey for the movies,” Spielberg said. “That’s the big danger, and there’s eventually going to be an implosion — or a big meltdown. There’s going to be an implosion where three or four or maybe even a half-dozen megabudget movies are going to go crashing into the ground, and that’s going to change the paradigm.”

Lucas lamented the high cost of marketing movies and the urge to make them for the masses while ignoring niche audiences. He called cable television “much more adventurous” than film nowadays.

36 comments

  1. Trackback: long term installment loans
  2. Trackback: right garcinia cambogia dosage effective
  3. Trackback: interesting and professional packaging dvd
  4. Trackback: e cigarette dangers 2014
  5. Trackback: kosiarka
  6. Trackback: credit scoring
  7. Trackback: traditional african art
  8. Trackback: useful site
  9. Trackback: ถ่ายรูปรับปริญญา
  10. Trackback: Home
  11. Trackback: sleeping aids
  12. Trackback: pure garcinia cambogia gnc reviews
  13. Trackback: angular cheilitis symptoms
  14. Trackback: accomodation langebaan
  15. Trackback: strategies
  16. Trackback: web design dallas
  17. Trackback: tawaraya ryokan
  18. Trackback: novedades
  19. Trackback: Soccer IQ
  20. Trackback: Jenine Cadmus
  21. Trackback: Christian Louboutin
  22. Trackback: ช่างภาพ
  23. Trackback: where can i buy pure garcinia cambogia
  24. Trackback: pozycjonowanie stron internetowych
  25. Trackback: deer antler velvet
  26. Trackback: rower mtb
  27. Trackback: best fat burner for women
  28. Trackback: furnace repair companies Brampton
  29. Trackback: healthy detox
  30. Trackback: eso gold
  31. Trackback: www.leela54.com
  32. Trackback: oz diet
  33. Trackback: pure garcinia cambogia extract
  34. Trackback: dr oz garcinia cambogia extract pure
  35. Trackback: industrial ethernet poe
  36. Trackback: Dallas Monument Sign Company