Is the Movie Industry close to an Implosion?

you can observe a lot just by watching

Earlier this week Steven Spielberg and George Lucas spoke at the opening of a new media centre at the University of Southern California. While speaking to students at USC, Spielberg made the following claim:

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

They went on to say:

I think eventually the Lincolns will go away and they’re going to be on television,” Lucas said. “As mine almost was,” Spielberg interjected. “This close — ask HBO — this close.”

“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.

Whilst reading this my irony meter went into overdrive. Let me explain why.

Let us take a trip…

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