We thought it would be interesting to conclude our Film Industry Implosion series on LIH, with George Clooney ‘s recent statement about the difficulties of getting Oscar winning films like Argo made today. Clooney stated the reason is due to studios being pressured by hedge fund investors like Daniel Loeb to only make tent-poles films in-order to manipulate the market for their own interest. He went as far as to call him a carpetbagger. In this article we will discuss how tent-pole movies became the preferred choice for movie studios and investors and what does this say about our cultural future?
By Comic Relief
Commemorating the opening of USC’s Sumner Redstone Production Building  on USC’s campus, alumni Stephen Spielberg and George Lucas provoked a controversy unlike one frequently seen so close to the United States capital for cinematic entertainment. Part cautionary warning, doomsday prediction, and partial industry eulogy, there was very little about the address that wasn’t both prophetic and challenging (potentially in a negative sense). In terms of evaluating their public address the New York Daily News paraphrased the occasion and the events that provoked it this way:
The Great Emancipator almost was not great enough for the big screen. According to Steven Spielberg, Lincoln, was extremely close to being premiered on HBO. Despite his film grossing over 182 million dollars in the domestic box office, he has spoken out about the implosion of Hollywood.
2nd article in our series on Film Industry Implosion.
With the world recession going on, it’s forced us all to tighten our purse strings. No country has been safe and it’s hit all areas of commerce. Even though the film industry brings in billions of dollars, Hollywood has had many loses too. Most notable are MGM’s woes. However many smaller studios have come and gone with little to no news. It’s the same with European studios and other foreign markets, even within their own countries. Hollywood dominates while films made in the respective country lag behind.
1st article in our 5 week series on Film Industry Implosion
Recently, at USC and the San Francisco International Film Festival filmmakers have spoken out about the current state of cinema and even gone as far as to predict a “Film Industry Implosion.” Perhaps, this is true but many believe this is all an overreaction. So we are going to spend the next five weeks focusing on this very topic. But first we will look into what these well-known filmmakers Steven Spielberg, George Lucas and Steven Soderbergh are saying about the current state of cinema. So let’s get started!