movie budgets will average US$15 million

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.'”

… “I think it’s great that the major Oscar nominations have gone to independent films,” … adding that it’s no accident that the “small movies” outclassed the spectaculars in this year’s Academy Awards.

… “In the future, almost everything that gets shown in theaters will be indie movies,” Lucas declared.

New York Daily News – Lucas: Big pics are doomed

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