As early as 2013, directors George Lucas and Steven Spielberg predicted that big studios such as Warner Bros. would begin streaming theatrical releases in the future.
Seven years ago, Lucas and Spielberg spoke at a panel hosted by the University of Southern California, covering a variety of topics surrounding the entertainment industry.
Both shared the belief that the rise of Netflix and other streaming giants would cause movie studios to either adapt or “implode.”
While Lucas and Spielberg couldn’t have foreseen the reality created by COVID-19, it’s interesting just how accurately they were able to predict streaming services’ increased role in media consumption.