From the hollywoodreporter: 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…..
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