Steven Spielberg recently spoke at the opening of a new media center at the University of Southern California, where he said that movie tickets will increase to $25 in the future.
"You're going to have to pay $25 for the next Iron Man, you're probably only going to have to pay $7 to see Lincoln," he said.
He was joined with his friend and colleague George Lucas.
They said that soon, half a dozen or more $250 million blockbusters will flop at the box office and that will lead to a radical change in how the movie industry works.
Most likely, this implosion will lead to higher prices at movie theaters.
"There's going to be an implosion where three or four or maybe even a half-dozen mega-budget movies are going to go crashing into the ground, and that's going to change the paradigm," he said.
Lucas said that future movies could start being more like going to see a Broadway show, where fewer movies are released and they stay in theaters for a longer amount of time.
"You're going to end up with fewer theaters, bigger theaters with a lot of nice things. Going to the movies will cost 50 bucks or 100 or 150 bucks, like what Broadway costs today, or a football game. It'll be an expensive thing…[the movies] will sit in the theaters for a year, like a Broadway show does. That will be called the 'movie' business," he said.
"There'll be big movies on a big screen, and it'll cost them a lot of money. Everything else will be on a small screen."
Spielberg also talked about how his movie, 'Lincoln," was almost premiered on HBO instead of the big screen. He said that even established filmmakers are struggling to get their projects to cinemas.
"I think eventually the Lincolns will go away and they're going to be on television," Lucas said.
"As mine almost was," Spielberg said. "This close - ask HBO - this close."
"The pathway to get into theaters is really getting smaller and smaller," Lucas said. His own 'Red Tails' flopped.
"We're talking Lincoln and Red Tails - we barely got them into theaters," he said.
"You're talking about Steven Spielberg and George Lucas can't get their movie into a theater!"