https://www.youtube.com/watch?v=85VVM77-l7I
High tech as being computers that connect to the internet and video games are causing the movie industry to collapse under its own weight. The idea of $50 movie tickets is suggested by George Lucas as a way to avoid movie studios from losing too much money in their movies.
One thing is immediately wrong, is a movie studio requires to be make $1 billion for a high budget movie to be a success. That is not true, it requires at least twice the cost of production for the movie to be successful.
In 1988, the movie industry said the VCR would kill the movie industry.
If high tech technology is killing the movie industry, how come that didn't happen ten years ago when the internet and video games were already popular? Apparently the idea of all studios losing a ton of money didn't stop all the major studios in spending $200 million on one or two movies this year.
Thoughts?
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