Spielberg Predicts ‘Implosion’ of Film Industry

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Courtesy of Pulz Media/MGN Online

By Lisa Respers France

(CNN) — Many movie fans consider director Steven Spielberg a visionary – but his most recent vision is one of doom for the movie industry.

During remarks at the University of Southern California Wednesday, Spielberg predicted the “implosion” of the film industry, according to The Hollywood Reporter. Things could get so bad, according to Spielberg, that “you’re gonna have to pay $25 for the next ‘Iron Man,’ you’re probably only going to have to pay $7 to see ‘Lincoln.’ ”

He said the changes could come after several high-budget, high-profile film flops force the industry to be altered. “That’s the big danger, and there’s eventually going to be an implosion — or a big meltdown,” Spielberg said. “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.”

Spielberg was not alone in his estimation.

Fellow filmmaker George Lucas, on the panel with Spielberg, agreed with his assessment and said cable television is now “much more adventurous” than the movie industry. The pair both warned students that they are living in a time of great change for films and those who make them.

“The pathway to get into theaters is really getting smaller and smaller,” Lucas said.

The remarks came as part of a celebration at USC for the opening of the university’s School of Cinematic Arts’ new Interactive Media Building.