While speaking at the USC School of Cinematic Arts's Interactive Media Building opening yesterday, Steven Spielberg had a dire prediction for the future of the film industry: He believes that Hollywood is in the middle of a paradigm shift that will lead to an eventual "implosion"—or "a big meltdown," in terms of the way the industry approaches filmmaking.
According to Spielberg, many young, legitimately talented filmmakers find it difficult to break out in Hollywood because their ideas "are too fringe-y for the movies." This, he says, is a problem: "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."
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 was also present at the opening, and had a little more to add to Spielberg's predictions: He believes cable television is actually "much more adventurous" than film right now.
"I think eventually the Lincolns will go away and they're going to be on television...we're talking Lincoln and Red Tails—we barely got them into theaters. You're talking about Steven Spielberg and George Lucas can't get their movie into a theater," Lucas said. "The pathway to get into theaters is really getting smaller and smaller."
[via The Hollywood Reporter]