Belfast Telegraph

Sunday 21 December 2014

Spielberg warns of movie 'meltdown'

Steven Spielberg has warned of higher prices for moviegoers wanting to see blockbusters in future
Steven Spielberg has warned of higher prices for moviegoers wanting to see blockbusters in future

Steven Spielberg has predicted that the movie industry is in danger of "meltdown".

The Lincoln director said an "implosion" was inevitable, whereby a few 250 million dollar movies flop and change the industry. He suggested that cinema-goers could see price variances for tickets, according to The Hollywood Reporter.

During his speech at the opening of the University of Southern California's new Interactive Media Building, Spielberg also revealed that his Oscar-winning film Lincoln was nearly made for a TV network because of problems getting it into cinemas.

He said some ideas from young filmmakers "are too fringe-y for the movies", and continued: "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 mega-budget movies are going to go crashing into the ground, and that's going to change the paradigm."

Spielberg said then "you're gonna have to pay 25 dollars for the next Iron Man, you're probably only going to have to pay seven dollars to see Lincoln".

He said that Lincoln, which starred Daniel Day-Lewis, came "this close" to being an HBO TV movie instead of a theatrical release.

Star Wars creator George Lucas also took part in the event and warned that the industry could see big changes, with fewer movies released and higher ticket prices.

The filmmaker said cable television was "much more adventurous" than film these days and that "the pathway to get into theatres is really getting smaller and smaller".

"I think eventually the Lincolns will go away and they're going to be on television," he said.

Lucas also referred to the movie Red Tails, which he executive produced. He went on: "We're talking Lincoln and Red Tails - we barely got them into theatres. You're talking about Steven Spielberg and George Lucas can't get their movie into a theatre."

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Nightlife Galleries

More

Latest Entertainment News

Latest Music News

Latest Film & TV News

Latest Eating Out News

Horoscopes

Your Horoscopes by Russell Grant

Sagittarius:

Developing an ingenious solution to a stubborn problem earns respect. Don't be surprised when a prominent executive offers you a job. This position will pay extremely well. Use your extra earnings to finance a hobby. Playing a competitive sport brings out your playful side. Someone who is enchanted by your high spirits will ask for a date. It feels great to be appreciated. Let your admirer plan an outing. You'll enjoy following their lead. Do you have a partner? Plan a romantic holiday together.More