Steven Spielberg warns of potential Hollywood "meltdown"June 14, 2013 - 19:49 AMT PanARMENIAN.Net - Steven Spielberg has warned of a potential Hollywood "meltdown", Digital Spy said citing the Empire. Appearing with George Lucas at the opening of the University of Southern California's new Interactive Media Building, the veteran director said that studios are too keen to focus on big budget blockbusters. "The big danger is that there's eventually going to be a big meltdown, where three or four, maybe even a half a dozen of these mega-budgeted movies are going to go crashing into the ground," said Spielberg. "That's going to change the paradigm again. "You're at the point right now where a studio would rather invest $250 million in one film for a real shot at the brass ring than make a whole bunch of really interesting, deeply personal projects that may get lost in the shuffle." He also revealed that last year's Oscar-winning Lincoln was "this close" to airing directly on HBO. Lucas added that rising ticket prices are likely to see a boom in on-demand screening services and the relegation of cinema to a luxury experience. "You're going to end up with fewer but bigger theatres [and] going to the movies is gonna cost you $50, $100, maybe even $150," he said. Top stories The creative crew of the Public TV had chosen 13-year-old Malena as a participant of this year's contest. She called on others to also suspend their accounts over the companies’ failure to tackle hate speech. Penderecki was known for his film scores, including for William Friedkin’s “The Exorcist”, Stanley Kubrick’s “The Shining”. The festival made the news public on March 19, saying that “several options are considered in order to preserve its running” Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. |