Almost a decade ago, blockbuster pioneers Steven Spielberg and George Lucas predicted that the movie industry was headed toward an "implosion." They foresaw with remarkable accuracy a new business model where there would be variable ticket prices, fewer theaters, and studios investing all their money in one or more would-be blockbusters (as opposed to spreading the wealth across an array of more interesting and personal mid-budget films). Spielberg said he anticipated "an implosion where...

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