I was just talking to a couple worker about this. She’s a teenager while I’m married with a 3 year old. She said the last time she went to the movies was last week to watch her a movie she says she should have just waited to come out on dvd. I can’t even remember when the last time I went to the movies was. I just wait for it to come out on dvd. For me it’s more of a budget thing. I don’t have the money to throw around. I think these guys are right! Hollywood is in trouble!
George Lucas and Steven Spielberg aren’t so bullish on the future of the film industry. At a talk at USC, the pair agreed that it’s on track to have a “massive implosion”. At the core of their argument: there just isn’t enough time in the day for consumers to support all the films released in theaters. Films are competing with all the content and options that the Internet provides.
Studios in Hollywood are the equivalent of venture capital firms of Silicon Valley. They live and die on the homeruns. Each movie could be thought of as a startup. It all starts with an idea and grows into a team that creates and releases some piece of content out into the world where it’s loved or hated. When loved, you get Christopher Nolan’s Batman, and when it’s hated, you get any Ben Affleck movie from 2000 – 2010.
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