TODAY | June 14, 2013
>>> well, is hollywood headed for a melt down? two legend dare directors are sounding the alarm this morning.
>> they say while it's an exciting time to make movies the industry must adapt now to survive. here's jason kennedy with the story.
>> reporter: the visionaries that brought us star wars and indiana sta indiana jones are scripting a rough road ahead for hollywood.
>> there will be an explosion where the mega budget movies will crash into the ground and that will change it again.
>> the comments made during a panel discussion for the school for cinematic arts called to mind movies like john carter . last year's martian epic only took in about 73 million at the box office . one major expense, landing a big name star. tom cruise took him $75 million in 2012 . leo and adam sandler made 37 murder in the second degree not too far ahead of kristen stewart and cameron diaz . but star power doesn't mean gold. consider will smith , his latest struggled in it's opening weekend coming in third place. but spielberg and lucas say don't write off the summer blockbuster just yet.
>> they'll try to make fewer and fewer and make the ones that are the safest bets.
>> with fewer movies in theaters the movie going experience has to change, to be more like seeing a broadway show .
>> you're going to end up with fewer theaters, bigger theaters with a lot of nice things. going to the movie is going to cost you $50, maybe $100, maybe $150.
>> they make a good point.
>> a dismal warning. but it's a problem you start spending 200 $50 million to make a movie in the first place.
>> that should be a read light.
>> you want to spend more money to fix it. anyway,