Blockbuster Death Watch

Forbes: “But at such a high cost, with little evidence that the project would connect with audiences to justify it, a $220- $250 million Lone Ranger will now struggle to break even if it does the unlikely and crosses $400 million worldwide.”

This is a bit frightening if you’re a fan of movies. A few weeks back Steven Spielberg warned how close Hollywood is to collapse.

“That’s the big danger, and there’s eventually going to be an implosion — or a big meltdown. There’s going to be an implosion where three or four or maybe even a half-dozen megabudget movies are going to go crashing into the ground, and that’s going to change the paradigm.”

I hope this doesn’t happen, but to read an article outlining how a $250 million film is a flop is a bit of a drag.