Film Industry Death: Spielberg and Lucas See It Imploding
Steven Spielberg and George Lucas are seeing ominous signs of the ultimate demise of the film industry. It used to be that films were the ultimate in broadcast entertainment, but with the introduction of the internet streaming and other forms of media, the film industry is become less important. Filmmakers now have other options. In a world where instant media is the name of the game, the film industry is a going to crash in the wake of the influx of outside modes of programming.
The other issue to consider is overall efficiency and content control. Internet streaming services have sprung up in massive waves, and in time, the film industry will not be able to keep up with the demand. Amazon and Netflix now are creating original content and last week Verizon launched Redbox Instant through Google TV. In an age when people want to see movies and television “now,” the idea of waiting for a movie to be released in theaters seems unfathomable.
Steven Spielberg said it best himself when he said, “There’s going to be eventually day and date with movies” — when films are available on demand at home the same day they hit theaters — “and eventually there’s going to be a price variance. You’re going to have to pay $25 to see the next Iron Man. And you’re probably only going to have to pay $7 to see Lincoln.” There is no way the film industry can compete with this logic.
Both men acknowledged that studios are willing to put all their money behind one major money-maker, like an action franchise movie. The studios will invest all their money in something that they firmly believe will be a major money-maker and then all the other smaller, more independent features will end up being relegated to television. This is not necessarily a bad thing in the great scheme of things. It will give directors more creative control. But the film industry will suffer significantly.
With the options limitless in terms of internet streaming, the great age of the film industry leading the world of entertainment is slowly becoming a thing of the past. DVD sales have been plummeting recently, no doubt due to the surge in internet streaming. This has already caused mass panic in the industry. So it would only make sense that movie theaters would be the next mass casualty.
Prices are also going to be something to consider, and there will come a time when going to the movies will be a luxury. George Lucas said, “Going to the movies is going to cost you 50 bucks, maybe 100. Maybe 150.” It will be more in line with sporting events, with films playing in these high-end cinemas for as long as a year.”
This day is coming soon. Going to the theater will be too expensive and internet streaming content will actually be better than what’s offered at the theater itself. How ironic that this is what is likely to happen. But who better to predict the upcoming implosion of the film industry than George Lucas and Steven Spielberg.by