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Spielberg Predicts An End To Expensive Garbage

Paul Bond for Hollywood Reporter:

Steven Spielberg on Wednesday predicted an "implosion" in the film industry is inevitable, whereby a half dozen or so $250 million movies flop at the box office and alter the industry forever. What comes next – or even before then – will be price variances at movie theaters, where "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." He also said that Lincoln came "this close" to being an HBO movie instead of a theatrical release.

This sounds like the best thing that could possibly happen to the American cinema. I really hope Spielberg is right.