Wednesday, June 19, 2013

Steven Spielberg Predicts 'Implosion' of Film Industry


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.

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