Steven Spielberg says Hollywood is due for an 'implosion'
Steven Spielberg tried to scare a bunch of film students and predicted an "implosion" in Hollywood is coming, and they'd all better get ready for it. Well, we probably should, too.
Spielberg, speaking at a University of Southern California event for the opening of an Interactive Media Building for the School of Cinematic Arts with George Lucas, said young filmmakers with edgy ideas are going to have deal with the idea that Hollywood is too scared to make movies that may not rake in the cash.
"That's the big danger, and there's eventually going to be an implosion — or a big meltdown," Spielberg said, according to The Hollywood Reporter. "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."
That paradigm includes altering the ticket price structure so that tentpole releases like Iron Man could cost $25, while something like his own Lincoln would be $7. And even Spielberg and Lucas aren't immune. Lucas said movies like Lincoln and his own Red Tails will be relegated to television; Spielberg added the Oscar nominee was "this close" to being on HBO.
"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. Well, we know Red Tails shouldn't have been in theaters because it was terrible, but a Spielberg movie about Abraham Lincoln having a hard time getting a studio behind it? Things are going to change, indeed.