Iconic filmmaker Steven Spielberg predicted that an "implosion" is heading towards the film industry and it is inevitable. According to Spielberg, huge changes in the paradigm of film industry is going to show up very soon, where ticket prices will stay much higher and lesser movies would release.
"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," said Spielberg.
George Lucas, who was also present there, agreed with Spielberg and said,massive changes are heading towards the film industry. He added, that high cost of marketing movies and also the urge to make the movies for general masses neglecting the niches, will effect the industry.
"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," Lucas added further.
Mobile Summary: With so many big budget movies crashing almost instantly at the box office, Steven Spielberg feels that the movie industry is heading for a big meltdown. Read on...