I truly believe that movie theaters as we know them today will not exist in 20 years. The experience is going downhill too quickly, the filmmaking industry is becoming more entrenched in only making specific kinds of films, and the competition for consumers’ entertainment dollars is increasingly fierce. And if you don’t take my word for it, just ask Steven Spielberg and George Lucas. THR reports that the two filmmakers spoke to University of Southern California film students, who were probably less-than-thrilled to hear that harsh truth. Spielberg told the audience, “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 megabudget movies are going to go crashing into the ground, and that’s going to change the paradigm.” He went on to say, “you’re gonna have to pay $25 for the next Iron Man” said Spielberg, “you’re probably only going to have to pay $7 to see Lincoln.” So on the plus side: Cheaper Lincoln tickets! But Spielberg went on to say that his Oscar-winning, star-studded picture came “this close” to going to HBO.
Hit the jump for more on what Spielberg and Lucas had to say, including thoughts on what the business model for theatrical distribution will look like in the future.