Spielberg & Lucas Predict “Meltdown” Of Movie Biz: Video


Steven Spielberg and George Lucas participated in a panel yesterday to open USC‘s new Interactive Media Building in LA. Alum Lucas’ foundation contributed $45M of the $50M cost of the new digs, which is part of the School Of Cinematic Arts. The pair predicted a paradigm shift for movies that Spielberg says will begin after several mega-budgeted tentpoles “crash to the ground” (he used the terms “implosion” and “meltdown” to describe it). In the future, Lucas posits, there will be fewer films in fewer theaters, tickets will cost $50-$150 apiece, and everything else will end up in your living room. From CNBC:

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