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Author Topic: Steven Spielberg Predicts Implosion
Mike Blakesley
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 - posted 06-18-2013 01:36 PM      Profile for Mike Blakesley   Author's Homepage   Email Mike Blakesley   Send New Private Message       Edit/Delete Post 
I think what Spielberg is getting at is, what happens when a lot of these mega-budget movies fail. "John Carter" was the most recent example and was (luckily) the only gigantic disaster last year. Disney is so huge they can afford to take a $200 million loss once in a great while, but how often can that happen?

There are some studios whch, if that happens more than once, they would be on the auction block or at the very least, their parent company would sell it off. Spielberg is saying we're approaching a time when audiences will tire of the same old same old and we'll se a string of these megaflops in the same year. Which could cause some big trouble.

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Terry Lynn-Stevens
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quote: Mike Blakesley
I think what Spielberg is getting at is, what happens when a lot of these mega-budget movies fail. "John Carter" was the most recent example and was (luckily) the only gigantic disaster last year. Disney is so huge they can afford to take a $200 million loss once in a great while, but how often can that happen?
With John Carter being the only big giant flop last year, I am not sure why Spielberg is worried.

The reward is well worth the risk. I think Spielberg is worried because he just doesn't have his hands on the big stuff anymore.

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Marcel Birgelen
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quote: Mike Blakesley
Spielberg is saying we're approaching a time when audiences will tire of the same old same old and we'll se a string of these megaflops in the same year. Which could cause some big trouble.
Actually, I'm hoping a bit for this to happen... Not that I want any studio to go bankrupt, but maybe it helps if it hurts enough. Let's hope it coincides with some smaller budget productions that compensate for the lack of attendance. It could actually lead to some kind of change.

Personally, I'm not automatically attracted to a big lineup of stars and endless special effects. I do think that the general audience will eventually follow or is already following.

A lot of the money that's being pumped into those summer blockbusters could also be spent on multiple, smaller productions. If you cut out the A-list stars and the need for ever increasing special effect budgets, there's a lot of money left to spend on quality writing and directing.

quote: Terry Lynn-Stevens
I think Spielberg is worried because he just doesn't have his hands on the big stuff anymore.
I guess that's more or less his own decision. If he really wanted, he could have his hands on a 200 million dollar production tomorrow, even if he would have to pony up a great deal of that himself.

The same for Lucas, he has enough money in the bank to start his own mega-production any time he pleases (and he has done so in the past). But maybe he realized that he does the world a pleasure if he doesn't do the actual directing, but rather focuses on the other stuff [Wink] .

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Bobby Henderson
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quote: Terry Lynn-Stevens
I am not exactly sure if you know what you are trying to say, the studios know exactly what they are doing right now when it comes to tent pole movies, just because you might like how things were doing in the past compared today, it does not mean what the studios are doing is wrong.
The studios are doing what is SAFE. Eventually they're going to get hurt by that strategy. As a means of insurance, the parent companies of the movie studios (global media companies who pretty much control all the rest of the entertainment industry) are doing what they can to corner all markets and all means of distribution in order to limit choice.

Mike mentioned how expensive it is to produce and market a movie. My point is it is not mandatory for a studio to blow $200 million+ on a CG-laden "epic" with more than 10% of that budget going to the A-list "star" whose name is above the title. They do have the option to think outside of the box. In the long run they're going to have to do that. The movie industry has gone through serious down-turns before. The industry is not immune to it happening again.

BTW, playing it safe is a big part of why the music industry hasn't been doing all that well in a long time. But to hear the media companies view on it, it's all due to online piracy.

quote: Terry Lynn-Stevens
In the last few years, movies such as Pirates 4, Skyfall, Dark Knight Rises, Transformers part 3 have all grossed a billion plus dollars. Movies are global grosses are global now and movies do not need to play for 6 months in a theatre to do well, so get over it.
If that "get over it" comment is directed at me, I'll just deflect that back at you. I'm entitled to my opinion.

quote: Terry Lynn-Stevens
With John Carter being the only big giant flop last year, I am not sure why Spielberg is worried.
John Carter was probably the biggest flop last year, but studios lost money on quite a few other titles. I can recall flops like A Thousand Words, Abraham Lincoln: Vampire Hunter, Cloud Atlas, Dredd, Rock of Ages, That's My Boy and Total Recall just off the cuff. Some of those, Cloud Atlas in particular, were box office disasters in their own right.

I'm guessing After Earth is the biggest flop of 2013 so far.

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Terry Lynn-Stevens
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quote:
John Carter was probably the biggest flop last year, but studios lost money on quite a few other titles. I can recall flops like A Thousand Words, Abraham Lincoln: Vampire Hunter, Cloud Atlas, Dredd, Rock of Ages, That's My Boy and Total Recall just off the cuff. Some of those, Cloud Atlas in particular, were box office disasters in their own right.

I'm guessing After Earth is the biggest flop of 2013 so far.

This type of list looks no different than any other year for the last 20 years, so I am not sure what exactly your point it. There are flops every single year.

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Bobby Henderson
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 - posted 06-19-2013 04:28 PM      Profile for Bobby Henderson   Email Bobby Henderson   Send New Private Message       Edit/Delete Post 
John Carter wasn't the only big flop last year. You said it was the only big flop of last year.

There are multiple flops every year. It's not such a big deal if a lower budget movie flops. If the major studios only want to make big mega-budget movies, they're bound to have some high cost turkeys among that group. If they keep going back to the well for the same "tried but true" ideas they've already been selling for too long and the movie-going public suddenly gets fickle on them their losses are going to be monumental.

I don't know how old you are or how familiar you are with previous eras of the movie industry. They've been through eras of crisis before. Big changes swept through the movie industry between the mid 1960's to mid 1970's. Part of the problem is audiences grew tired of sword & sandal biblical epics and musicals. Then they got tired of the grungy movies that replaced them.

Movie studios and theaters are taking the audiences' business for granted. They're not going to just show up at the box office because the theater is simply there. If the tastes of the general public suddenly shifts, like it has in the past, these huge companies are going to be caught off guard by it.

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Mike Blakesley
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 - posted 06-19-2013 06:17 PM      Profile for Mike Blakesley   Author's Homepage   Email Mike Blakesley   Send New Private Message       Edit/Delete Post 
quote: Bobby Henderson
Movie studios and theaters are taking the audiences' business for granted.
I don't know how you figure this. When it comes to the movies themselves, theaters have zero input on what we play. We can only play what gets made.
quote: Bobby Henderson
They do have the option to think outside of the box.
Sure they do. There are lots of quirky little off-beat movies every year, both from indies and from the major studios. They are the ones you find at the bottom of the weekly gross charts. If you want to make real money, then you have to give people what they want. Most of the top movies these days are sequels...why SHOULDN'T they make them if that's what people are buying?

If there is suddenly an environment where a string of sequels flops, then you'll see a big shift in what gets made.

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Terry Lynn-Stevens
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quote: Bobby Henderson
If the tastes of the general public suddenly shifts, like it has in the past, these huge companies are going to be caught off guard by it.
I highly doubt this, we have seen the epic tent pole/sequels since the late 70's. We are also seeing reboots faster than ever before. Bobby, keep in mind that we have seen 7 Batman films since 1989, Spider-man is already on the second go around, Iron Man 3 just cleared a BILLION dollars......Pirates 4 cleared a BILLION dollar....Transformers 3 cleared a BILLION dollars...Harry Potter 7 combined cleared 2 BILLION dollars, we are also now seeing more and more franchises than we have ever seen in the past, so thinking the studios will be caught off guard is foolish thinking.

James Cameron (unlike Spielberg, Francais Ford Coppola and Lucas) did something those three could not, Cameron very successfully created his own original franchise later in his career. Don't forget that Avatar is a 2.7 BILLION dollar movie.

There is no change coming, the change has already happened and it was the creation of the worldwide billion dollar film, the second, third and even fourth installments of these franchises are fueling it.

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Mike Blakesley
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Spielberg's sitting on one of the biggest franchises ever -- he could make "E.T. 2" and have a two billion dollar movie by Christmas (if it was any good).

Or he could do a Jaws remake in 3-D and kick serious butt too.

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Marcel Birgelen
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quote: Terry Lynn-Stevens
James Cameron (unlike Spielberg, Francais Ford Coppola and Lucas) did something those three could not, Cameron very successfully created his own original franchise later in his career. Don't forget that Avatar is a 2.7 BILLION dollar movie.
And I guess Lucas didn't create a successful franchise with that Star Wars thingy he had going and eh... Indiana Jones was obviously totally unsuccessful too in this regard...

But sure, those Godfather action figures were a total failure, Coppola totally failed to inspire a generation due to not delivering a Happy Meal compliant franchise.

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Terry Lynn-Stevens
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quote: Mike Blakesley
Spielberg's sitting on one of the biggest franchises ever -- he could make "E.T. 2" and have a two billion dollar movie by Christmas (if it was any good).
E.T. would never fly with today's generation, Mike, don't forget that E.T. was re-released in 2002 to modest fan fare. I don't think it would get anywhere near the buzz or interest if a sequel was made.

quote: Marcel Birgelen
And I guess Lucas didn't create a successful franchise with that Star Wars thingy he had going and eh... Indiana Jones was obviously totally unsuccessful too in this regard...

Marcel, I said later in their careers, not early. Cameron create a 2.7 Billion dollar film which will be now become a franchise. This late in his career compared to the very good success he had early in his career.

What were you expecting? Red Tails 2

quote: Mike Blakesley
Or he could do a Jaws remake in 3-D and kick serious butt too.
He is not sitting on anything with Jaws, he did not produce the first part and he does not have any rights to a remake.

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Marcel Birgelen
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quote: Terry Lynn-Stevens
Marcel, I said later in their careers, not early. Cameron create a 2.7 Billion dollar film which will be now become a franchise. This late in his career compared to the very good success he had early in his career.
Well, I fail to see how this is relevant in any way. Lucas managed some way or another to keep the Star Wars franchise alive up until this very day... Maybe little James Cameron already dreamed of blue alien kitties? Just like he dreamed of Terminators (I wonder if they had an Austrian accent in his dreams too).

And isn't Lucas somehow the granddaddy of movie franchise? He was one of the first to work out a deal between the movie studio that paid for his work, to maintain all the rights for franchised products, because at the time, they didn't think it was worth a buck...

Also, Lucas managed to do some other things on the side (let's say, later in his career), while not being busy with his (arguably) not so great directing career: He created ILM, still one of the most respected special effect houses on the planet. He created Skywalker Sound, which have their hands on almost any major Hollywood production. He created Lucasfilm Games, later LucasArts, which had its own bunch of very successful franchises. And besides that, he also created Pixar, although it would not be fair to credit him for all the successes they had.

Ah... by the way, he also created THX. They have become very successful in selling stickers for all your equipment, alongside a bunch of very cool trailers you are then entitled to play on that stickered equipment.

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Mike Blakesley
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quote: Terry Lynn-Stevens
E.T. would never fly with today's generation, Mike, don't forget that E.T. was re-released in 2002 to modest fan fare. I don't think it would get anywhere near the buzz or interest if a sequel was made.
You're out of your mind, obviously. There is a GIGANTIC difference between a re-issue of a 20 year old film that everyone has on video, and a brand new adventure starring one of the most iconic characters ever created. You only need to go to the Universal Orlando theme park for a little proof -- the E.T. ride there always has long lines (and it isn't even that good a ride).

quote: Terry Lynn-Stevens
He is not sitting on anything with Jaws, he did not produce the first part and he does not have any rights to a remake.
Who cares who owns the rights? Rights can be obtained. Do you seriously think if Steven Spielberg called up Universal today and said "Hey guys, I would like to do a remake of Jaws in 3-D" they would turn him down? They would be all over that like flies on a picnic table.

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Terry Lynn-Stevens
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quote: Mike Blakesley
the E.T. ride there always has long lines
Interesting!

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Bobby Henderson
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quote: Terry Lynn-Stevens
I highly doubt this, we have seen the epic tent pole/sequels since the late 70's. We are also seeing reboots faster than ever before. Bobby, keep in mind that we have seen 7 Batman films since 1989, Spider-man is already on the second go around, Iron Man 3 just cleared a BILLION dollars......Pirates 4 cleared a BILLION dollar....Transformers 3 cleared a BILLION dollars...Harry Potter 7 combined cleared 2 BILLION dollars, we are also now seeing more and more franchises than we have ever seen in the past, so thinking the studios will be caught off guard is foolish thinking.
Do you not see a troubling trend with this? Remakes and franchise re-boots faster and faster? Shit. Why even do a sequel to Avatar? Just remake the first movie! And then remake it 2 years later. And then remake it the fourth time just a year after that. The audiences are stupid enough to just keep buying it.

The money these movies are making is irrelevant given the fact they monopolize the overwhelming majority of first run movie screens. If anyone wants to go to the movies these are the only kinds of movies they're going to be able to see. Their only other choice is to doing something else with their leisure time or stay at home.

A studio like Sony can try re-booting Spiderman four years from now if it likes, to cut the period between re-boots to half the decade it waited last time. Maybe audiences will keep showing up for the repeats like cattle.

Or maybe they'll drop that kind of crap all of a sudden and make it crash like Disco did back in the late 1970's.

quote: Mike Blakesley
Sure they do. There are lots of quirky little off-beat movies every year, both from indies and from the major studios. They are the ones you find at the bottom of the weekly gross charts.
They're also the movies you find in the fewest theaters. The big studios don't make much of an effort to market smaller movies (and that's understandable considering the high cost of advertising). The indie outlets don't have the marketing budgets to push their best movies in the same manner as a big budget release from a major studio. In the end, word of mouth isn't for squat on the smaller releases. Most viewers only "discover" those movies after they've been released onto home video.

I've seen this play out many times right here on the local level. I sat in a virtually empty theater watching Hoop Dreams the one week it showed here in Lawton. My late friend and Carmike 8 manager Jack Connor and I would joke about how we were the practically the only people to watch The Usual Suspects when it played there -again for only 1 week to mostly empty houses. Then I'd hear complaints from locals, "I rented The Usual Suspects this weekend. What a great movie! How come the Carmike theater doesn't get good movies like that?"
[Roll Eyes]

There is a possible "equalizer" with some advertising on the horizon. TV and newspaper advertising isn't worth much of a damn anymore.

Newspapers around the country are reeling. With circulation numbers continuing to drop they're having a harder time justifying the ad prices they're commanding. Commercial driven broadcast & cable TV is more crappy than it's ever been. So many channels are polluted with so-called "reality TV" nonsense. I can't help but wonder just what kind of demographic these channels are pulling.

These days if I want to look up anything about new movies, show times at various theaters, etc. I'm always looking on the Internet. It's rare for me to find out about a new movie by way of TV or a newspaper.

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