The Hollywood Blockbuster is Dead!

So says no less an authority than George "Star Wars" Lucas himself. Since he and Steven "Jaws" Speilberg ushered in the era of the blockbuster, I guess he should know.

Lucas: Big pics are doomed

BEVERLY HILLS, Calif. — Leave it to "Star Wars" creator George Lucas to pronounce the death of the Hollywood blockbuster.

"The market forces that exist today make it unrealistic to spend $200 million on a movie," said Lucas, a near-billionaire from his feverishly franchised outer-space epics. "Those movies can't make their money back anymore. Look at what happened with 'King Kong.'" The portly Lucas, whose "Star Wars" sequel was nominated for the Oscar in makeup, was clearly in Yoda mode at Saturday's Weinstein Co. party — Harvey Weinstein's first Oscar bash since he abandoned Miramax to Disney last year. "I think it's great that the major Oscar nominations have gone to independent films," Lucas told me, adding that it's no accident that the "small movies" outclassed the spectaculars in this year's Academy Awards. "Is that good for the business? No — it's bad for the business. But moviemaking isn't about business. It's about art!"

Was that a smirk? "In the future, almost everything that gets shown in theaters will be indie movies," Lucas declared. "I predict that by 2025 the average movie will cost only $15 million."

You heard it here first.

New York Daily News
Sunday, March 5th, 2006

That would be fine by me.