To the Point
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?
By Madeleine Brand • • 1 min readSteven 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.
Madeleine Brand
Host, 'Press Play'
Christian Bordal
Managing Producer, Greater LA
Kerry Cavanaugh
editorial writer at the Los Angeles Times
Katie Cooper
Producer, 'One year Later'
Kim Masters
partner/writer at Puck News, host of KCRW's “The Business.”
Jason Squire
USC School of Cinematic Arts
Stacey Sher
Film Producer