Steven Spielberg and George Lucas predict massive implosion in film industry

"It's not going to have cable or broadcast," Lucas said. "It's going to be the internet television." (source infra)

Steven Spielberg and George Lucas predict ‘massive implosion’ in film industry | The Verge: " . . . . Despite the chaos, both men see the changes as something the industry will overcome, with Lucas taking particular relish in the opportunities the disruption is providing — adamantly stating that "now is the best time we can possibly have." Comparing the industry's panic over fleeting DVD sales and crumbling business models to the 2008 economic crash, he stressed that now is the time to look forward. "It's a mess. It's total chaos," Lucas said. "But out of that chaos will come some really amazing things. And right now there are amazing opportunities for young people coming into the industry to say, ‘Hey, I think I'm going to do this and there's nobody to stop me.'" "It's because all the gatekeepers have been killed!""

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