- The Washington Times - Thursday, June 13, 2013

Speaking at the University of Southern California Wednesday, Steven Spielberg predicted the “implosion” of the film industry, leading to a major paradigm shift.

The film titan told The Hollywood Reporter that there will be price variances at movie theaters, where “you’re going have to pay $25 for the next Iron Man, you’re probably only going to have to pay $7 to see Lincoln.”

He said Lincoln almost didn’t make it to theaters and was “this close” to being an HBO movie.

Mr. Spielberg said the implosion would follow a series of big-budget flops.

“That’s the big danger, and there’s eventually going to be an implosion — or a big meltdown,” he told the Reporter. “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.”

George Lucas sat on the panel with Mr. Spielberg, agreeing with his assessment and added that cable television is now “much more adventurous” than the movie industry, CNN reported.

“The pathway to get into theaters is really getting smaller and smaller,” Lucas said.

Sign up for Daily Newsletters

Copyright © 2019 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide