George Lucas and Steven Spielberg teamed up on a panel at the University of Southern California last week, sharing some thoughts on the future of the movie business.
Spielberg had a lot to say about the modern studio system:
"You're at the point right now where a studio would rather invest $250 million in one film for a real shot at the brass ring, than make a whole bunch of really interesting, deeply personal — and even maybe historical — projects that may get lost in the shuffle because there's only 24 hours. There's going to be an implosion where three or four or maybe even half a dozen of these mega-budgeted movies are going to go crashing into the ground, and that's going to change the paradigm again."
And which point Lucas jumped in to add an interesting view on movie ticket price points:
"What you're going to end up with is fewer theaters, bigger theaters, with a lot of nice things. Going to the movies is going to cost you 50 bucks, maybe 100. Maybe 150. And that's going to be what we call ‘the movie business.' But everything else is going to look more like cable television on TiVo. It's not going to have cable or broadcast. It's going to be the internet television."
What do we think? Cinema as a sporting event? High priced tickets and grand slam shows? Or stay in your PJs and stream it on Netflix from home? None of it seems too unrealistic to me.