Steven Spielberg and George Lucas predict film industry is facing a ‘massive implosion’


George Lucas and Steven Spielberg think the film industry is heading towards a cliff. The pair behind some of the most successful franchises in movie history think that conservative programming choices and rapidly evolving distribution schemes have set the stage for a massive upheaval — and internet-based services may become the dominant medium when moviegoing as we know it crashes and burns.

The duo were joined during a panel at the University of Southern California by Microsoft President of Interactive Entertainment Don Mattrick, who played backup with the occasional Xbox reference as Lucas and Spielberg took center stage. While the focus was ostensibly on the future of the entertainment medium — USC just opened a new Interactive…

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