Two of the bearded trio, George Lucas and Steven Spielberg are predicting tough times for the film industry. An article over on The Verge quote the duo who were speaking at the university of Southern California. They were joined by Microsoft's president of interactive entertainment, Don Mattrick.
Spielberg said:
"You're at the point right now where a studio would rather invest $250 million in one film for a real shot at the brass ring," he said, "than make a whole bunch of really interesting, deeply personal — and even maybe historical — projects that may get lost in the shuffle because there's only 24 hours."
"There's going to be an implosion where three or four or maybe even half a dozen of these mega-budgeted movies are going to go crashing into the ground," Spielberg said, "and that's going to change the paradigm again."
Lucas focused on the future of the cinema experience and how higher and higher cinema prices is ultimately going to result in less cinemas and less casual viewers.
"What you're going to end up with is fewer theaters," he said. "Bigger theaters, with a lot of nice things. Going to the movies is going to cost you 50 bucks, maybe 100. Maybe 150." It will be more in line with sporting events, with films playing in these high-end cinemas for as long as a year. "And that's going to be what we call ‘the movie business.' But everything else is going to look more like cable television on TiVo."
An interesting article and most definitely worth a read.
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