Steven Spielberg Predicts ‘Implosion’ of Film Industry
2:55 PM PDT 6/12/2013 by Paul Bond
George Lucas echoed Spielberg’s sentiments at an event touting the opening of a new USC School of Cinematic Arts building, saying big changes are in store.
Steven Spielberg on Wednesday 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.” He also said that Lincoln came “this close” to being an HBO movie instead of a theatrical release.
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.
https://www.hollywoodreporter.com/news/steven-spielberg-predicts-implosion-film-567604
