Lucas And Spielberg Predict “Massive Implosion” Of Hollywood Caused By Tech Industry

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http://techcrunch.com – George Lucas and Steven Spielberg aren’t so bullish on the future of the film industry. At a talk at USC, the pair agreed that it’s on track to have a “massive implosion”. At the core of their argument: there just isn’t enough time in the day for consumers to support all the films released in theaters. Films are competing with all the content and options that the Internet provides. Studios in Hollywood are the equivalent of venture capital firms of Silicon Valley. They live and die on the homeruns. Each movie could be thought of as a startup. It all starts with an (IT news)