Skip to main content

Spielberg warns of two-tier pricing structure for movies with tickets for blockbusters rising to 25 dollars while other films cost 7 dollars

Steven Spielberg has predicted that the movie industry could soon move to a two-tier pricing structure with consumers being charged a premium to see summer blockbusters compared with other types of films.

‘You're gonna have to pay $25 for the next Iron Man, you're probably only going to have to pay $7 to see Lincoln,’ Spielberg told students at the University of Southern California.

Spielberg was speaking at the opening of a new media center at the University of Southern California, where he was joined by his friend and peer George Lucas.

Hollywood legends Steven Spielberg and George Lucas have predicted that the movie industry will soon to shift to a two-tier price structure

The two legendary directors warned that a perfect storm of half a dozen or so $250 million blockbusters flopping at the box office was inevitable and would radically change how the industry works.

The ‘implosion’ would lead to consumers could be asked to paying varying prices at movie theaters, reports The Hollywood Reporter.

  More... FIRST LOOK: Mariah Carey ditches the glamour as she goes barefaced as a field slave in image from new film The Butler Get out of my shot! Cameron Diaz sharpens her elbows as she marches up to replace her body double White hot! Kate Upton prances around in skimpy bikini on The Other Woman film set

'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,' said Spielberg.

Lucas suggested that in the future movies might follow a more 'Broadway play model', whereby fewer are released, but they stay in theaters for longer and ticket prices are higher.

Worthy of $25 a ticket? Spielberg predicts rising tickets costs to see future installments of blockbuster franchises such as Iron Man

'You’re going to end up with fewer theaters, bigger theaters with a lot of nice things. Going to the movies will cost 50 bucks or 100 or 150 bucks, like what Broadway costs today, or a football game. It’ll be an expensive thing. … (The movies) will sit in the theaters for a year, like a Broadway show does. That will be called the ‘movie’ business,' he said.

'There’ll be big movies on a big screen, and it’ll cost them a lot of money. Everything else will be on a small screen.'

Spielberg, who also revealed that 'Lincoln' was almost premiered on HBO, told USC students they were entering the industry at a time when even established film-makers were struggling to get their projects into cinemas.

'I think eventually the Lincolns will go away and they're going to be on television,' Star Wars creator Lucas added.

Spielberg revealed his critically acclaimed hit 'Lincoln' came close to being premiered on HBO rather than in cinemas

'As mine almost was,' Spielberg interjected. 'This close - ask HBO - this close.'

'The pathway to get into theaters is really getting smaller and smaller,' said Lucas, pointing out that 'Red Tails' - his own passion project about the Tuskegee airmen - flopped.

'We're talking Lincoln and Red Tails - we barely got them into theaters,' he said.

'You're talking about Steven Spielberg and George Lucas can't get their movie into a theater!'

His prediction prompted Spielberg to recall how his 1982 film 'E.T. the Extra-Terrestrial' had stayed in theaters for a year and four months.

Spielberg also praised Netflix, but said he had 'nothing to announce' when asked if he planned to make original content for the online streaming service which has started to generate its own content.

Back in 1982 'E.T.' stayed in theaters for a year and four months




Popular posts from this blog

Study Abroad USA, College of Charleston, Popular Courses, Alumni

Thinking for Study Abroad USA. School of Charleston, the wonderful grounds is situated in the actual middle of a verifiable city - Charleston. Get snatched up by the wonderful and customary engineering, beautiful pathways, or look at the advanced steel and glass building which houses the School of Business. The grounds additionally gives students simple admittance to a few major tech organizations like Amazon's CreateSpace, Google, TwitPic, and so on. The school offers students nearby as well as off-grounds convenience going from completely outfitted home lobbies to memorable homes. It is prepared to offer different types of assistance and facilities like clubs, associations, sporting exercises, support administrations, etc. To put it plainly, the school grounds is rising with energy and there will never be a dull second for students at the College of Charleston. Concentrate on Abroad USA is improving and remunerating for your future. The energetic grounds likewise houses various

Best MBA Online Colleges in the USA

“Opportunities never open, instead we create them for us”. Beginning with this amazing saying, let’s unbox today’s knowledge. Love Business and marketing? Want to make a high-paid career in business administration? Well, if yes, then mate, we have got you something amazing to do!   We all imagine an effortless future with a cozy house and a laptop. Well, well! You can make this happen. Today, with this guide, we will be exploring some of the top-notch online MBA universities and institutes in the USA. Let’s get started! Why learn Online MBA from the USA? Access to More Options This online era has given a second chance to children who want to reflect on their careers while managing their hectic schedules. In this, the internet has played a very crucial in rejuvenating schools, institutes, and colleges to give the best education to students across the globe. Graduating with Less Debt Regular classes from high reputed institutes often charge heavy tuition fees. However onl

Sickening moment maskless 'Karen' COUGHS in the face of grocery store customer, then claims she doesn't have to wear a mask because she 'isn't sick'

A woman was captured on camera following a customer through a supermarket as she coughs on her after claiming she does not need a mask because she is not sick.  Video of the incident, which has garnered hundreds of thousands of views on Twitter alone, allegedly took place in a Su per Saver in Lincoln, Nebraska according to Twitter user @davenewworld_2. In it, an unidentified woman was captured dramatically coughing as she smiles saying 'Excuse me! I'm coming through' in the direction of the customer recording her. Scroll down for video An unidentified woman was captured dramatically coughing as she smiles saying 'Excuse me! I'm coming through' in the direction of a woman recording her A woman was captured on camera following a customer as she coughs on her in a supermarket without a mask on claiming she does not need one because she is not sick @chaiteabugz #karen #covid #karens #karensgonewild #karensalert #masks we were just wearing a mask at the store. ¿ o