Steven Spielberg - Steven Spielberg On The Future Of The Film Industry: An 'Implosion Is Due'

Steven Spielberg talks about the difficulties of showing anything other than big budget, mainstream films in the cinema. He was addressing film students at the opening of the University of South California's School of Cinematic Arts building and warned that an 'implosion' within the film industry is due owing to difficulties with finance.

Spielberg warned USC students it is highly likely that a few big budget films would, within a short period, flop which would alter the industry forever. Spielberg's argument is that studios, fearful of loss, are only willing to make films which will ensure a large profit margin. He commented on how finance fixated the film industry has become claiming 'a studio would rather invest $250m 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'.

Spielberg also warns that the viewing public may have to foot the bill for big budget films. He uses Iron Man 3 and Lincoln as examples whereby cinema-goers would pay more than double ($25) than those seeing Lincoln ($7). This is in proportion with what they cost to make. Production costs for Lincoln were around $65 million whereas Iron Man's came in around $200 million. 

This could also see a change to how long films remain in cinemas. It could be possible, according to Spielberg, films stay in cinemas for longer periods of time than the current couple of months turn around. This would ensure a wider audience for a variety of projects. Spielberg is speaking from experience. Bitter about the difficulties of finding a studio which would film Lincoln, these remarks draw attention to his earlier and long standing triumphs: E.T. was in the cinema for over a year. 

Star Wars creator George Lucas spoke in a similar vein to Spielberg. He appeared optimistic about the future of films where cinemas would become more like theatres: definitely more expensive but with the opportunity to view 'a lot of nice things'. Both directors praised the role of internet streamers and television in entertainment, particularly Netflix which offers an opportunity for smaller projects such as Eli Roth's Hemlock Grove to be produced. 

George LucasSteven Spielberg
George Lucas at the 2013 Crystal and Lucy Awards (L) and Steven Spielberg at the 66th Cannes Film Fesival (R)


Contactmusic

Tags: Steven Spielberg - George Lucas - Eli Roth

Advertisement

More Steven Spielberg

Steven Spielberg Casts Mark Rylance as BFG in Roald Dahl Adaptation

Steven Spielberg has settled on the two-time Olivier Award winner Mark Rylance to play the titular role in The BFG. Published in 1982, the Roald...

Steven Soderbergh Recuts 'Raiders of the Lost Ark' as Silent Movie

It's nice to know that Steven Soderbergh isn't just spending his retirement sitting around watching Sex, Lies and Videotape or Out of Sight on DVD....

The Hundred-Foot Journey Movie Review

A relentlessly smiley-glowy tone threatens to undo this film at every turn, but it's just about rescued by a spiky script and the adept cast....

Oprah Winfrey And Steven Spielberg Pose Together At 'The Hundred-Foot Journey' NY Premiere - Part 1

The cast and crew of restaurant drama 'The Hundred-Foot Journey' were seen arriving at the New York premiere held at the Ziegfeld Theater. Among them...

Advertisement

Helen Mirren Starrer "The Hundred-Foot Journey" Features Spicy Food And Cheesy Romance

Oprah Winfrey and Steven Spielberg joined forces on the foodie comedy The Hundred-Foot Journey and celebrated the fruits of their labour Tuesday night at the...

Steven Spielberg Meme Fools Internet. Internet, You Are An Idiot

An internet meme that showed director Steven Spielberg lying next to an apparently dead triceratops, a dinosaur that became extinct 70 million years ago, has...

Steven Spielberg 'Jurassic Park' Photo Receives Backlash After Going Viral

When a 22 year-old behind the scenes photograph of 'Jurassic Park' emerged online, many people thought it was real.It seems some Facebook users can't take...

'Extant' Premiere: Gearing Up For Halle Berry's Space Adventure

Ready for Extant? The new science fiction series promises to shake up your expectations of the possibilities of a TV drama and take us on...

Advertisement

Comments

Steven Spielberg Newsletter

Subscribe to this news alert service to receive news and reviews on Steven Spielberg

Unsubscribe | Unsubscribe All