Nestor Studios, the first film studio in Hollywood, 1913. (Photo credit: Wikipedia)
Would anyone be surprised by a huge implosion in the film industry?
As reported by FirstShowing.net, George Lucas and Steven Spielberg recently predicted a list of dramatic adjustments, from pricing to distribution and competition from the networks. Hollywood is not immune from the upheavals that technology brings to every industry. Their presentation was held June 12 at the University of Southern California.
I’ll predict that there will be home theaters in every house in the country — and as costs go down and business models change, lots of community theaters or at least community watching events where people can gather and pick their own programming. What fun! Cheaper popcorn too!
For the full scope of the Lucas/Spielberg conversation, go to http://www.firstshowing.net/2013/steven-spielberg-george-lucas-predict-implosion-of-film-industry/ or see additional links below.
What do you see in the future of the film industry as it responds to the marketplace and reinvents itself?
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