USC School of Cinematic Arts
FROM Jason Squire
The Summer Blockbuster Flop Steven Spielberg and George Lucas are warning that Hollywood is on the verge of a meltdown. They say that studios' reliance on big budget action movies could doom them. And so far this summer, there have been six major flops. So is the movie industry going through some soul searching? George Lucas and Steven Spielberg launched the era of the modern blockbuster with their movies Star Wars and Jaws. So people took note when last month they warned that Hollywood could suffer big for its reliance on huge action movies. Indeed, there have been six big budget flops in the last few months. The latest -- R.I.P.D. which cost 130 million dollars to make and has earned just 23 million worldwide.
The US gets deeper into Middle East wars. What's the endgame? President Trump welcomed Egypt's President Abdul Fattah al-Sisi to the White House today… just one of the changes in America's approach to the Middle East since Barack Obama left office. We hear about that and the escalation of warfare as well as civilian casualties.
In Janesville, WI, Middle America meets the new American dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn't prevent the closing of the General Motors factory after 100 years. We hear what's happened to what once was a model of American middle-class unity.