Film Industry Heading For A Big Meltdown, Predicts Steven Spielberg
Legendary film-maker Steven Spielberg predicts, film industry is approaching towards a big meltdown.
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oi-Monojit
By Monojit
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...