<p>Hollywood veterans Steven Spielberg and George Lucas predict a meltdown in entertainment industry which will alter the movie business forever.<br /><br /></p>.<p>While speaking on a panel about the future of entertainment industry at the USC School of Cinematic Arts, Spielberg said that there would be a implosion when several big budget movies would flop, the Hollywood Reporter said.<br /><br />"There's eventually going to be a big meltdown. There's going to be an implosion where three or four or maybe even a half-dozen of these mega-budgeted movies go crashing into the ground and that's going to change the paradigm again."<br /><br />The Oscar-winning director revealed that his last directorial venture 'Lincoln' was very close to not getting a theatrical release. Daniel Day-Lewis won the best actor Oscar for playing the former US president in the movie.<br /><br />'Star Wars' creator George Lucas echoed Spielberg, saying he found cable television "much more adventurous" than films.<br /><br />"I think eventually the Lincolns will go away and they're going to be on television. We're talking Lincoln and Red Tails -- we barely got them into theaters. You're talking about Steven Spielberg and George Lucas can't get their movie into a theater," Lucas said.<br /><br />The director-producer predicted that the time is coming when people will start getting tired of movies.<br /><br />"They're (studios) going for the gold. But that isn't going to work forever. And as a result they're getting narrower and narrower in their focus. People are going to get tired of it. They're not going to know how to do anything else," Lucas said.<br /><br />Lucas predicted that after that meltdown there would be fewer but better theatres and watching a movie would cost more "like what Broadway costs today, or a football game. It'll be an expensive thing."<br /><br />Both Lucas and Spielberg think that post the meltdown, personal or quirky stories would head to small screen.<br /><br />"What used to be the movie business, in which I include television and movies... will be Internet television. The question will be: Do you want people to see it, or do you want people to see it on a big screen?," Lucas said. <br /></p>
<p>Hollywood veterans Steven Spielberg and George Lucas predict a meltdown in entertainment industry which will alter the movie business forever.<br /><br /></p>.<p>While speaking on a panel about the future of entertainment industry at the USC School of Cinematic Arts, Spielberg said that there would be a implosion when several big budget movies would flop, the Hollywood Reporter said.<br /><br />"There's eventually going to be a big meltdown. There's going to be an implosion where three or four or maybe even a half-dozen of these mega-budgeted movies go crashing into the ground and that's going to change the paradigm again."<br /><br />The Oscar-winning director revealed that his last directorial venture 'Lincoln' was very close to not getting a theatrical release. Daniel Day-Lewis won the best actor Oscar for playing the former US president in the movie.<br /><br />'Star Wars' creator George Lucas echoed Spielberg, saying he found cable television "much more adventurous" than films.<br /><br />"I think eventually the Lincolns will go away and they're going to be on television. We're talking Lincoln and Red Tails -- we barely got them into theaters. You're talking about Steven Spielberg and George Lucas can't get their movie into a theater," Lucas said.<br /><br />The director-producer predicted that the time is coming when people will start getting tired of movies.<br /><br />"They're (studios) going for the gold. But that isn't going to work forever. And as a result they're getting narrower and narrower in their focus. People are going to get tired of it. They're not going to know how to do anything else," Lucas said.<br /><br />Lucas predicted that after that meltdown there would be fewer but better theatres and watching a movie would cost more "like what Broadway costs today, or a football game. It'll be an expensive thing."<br /><br />Both Lucas and Spielberg think that post the meltdown, personal or quirky stories would head to small screen.<br /><br />"What used to be the movie business, in which I include television and movies... will be Internet television. The question will be: Do you want people to see it, or do you want people to see it on a big screen?," Lucas said. <br /></p>