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It’s no secret that Hollywood has had it rough as of late and even Spielberg isn’t immune to the recent trend of box office woes. In particular, two of his latest efforts — 2021’s «West Side Story» and 2022’s «The Fabelmans» — failed financially despite critical acclaim. It may seem unthinkable to believe that such a cinematic titan would be struggling to reach an audience, but Spielberg himself seemed well aware that such a future was possible.
In a 1992 «60 Minutes» interview, the director was asked about his contribution to the escalating costs of film production. While Spielberg didn’t believe he was at fault for how much studios decided to spend on their movies, he pinpointed his concern with what the uptick would mean for his style of filmmaking. «I mean the multiplication table of what films are going to cost 10 years from now is going to mean that Hollywood will be out of control in that they won’t be able to give audiences grand entertainment anymore,» he said. This sentiment has shown some merit, with high-priced blockbusters such as «The Flash» and «Indiana Jones and the Dial of Destiny» failing to attract audiences and losing their studios millions in the process.
However, Spielberg also believed that such returns could move the industry in a fresh direction, stating, «… you’re just going to have to settle for films that are a little low in calories and there’s nothing wrong with that too … maybe it’ll be a revolution, the films will be smaller but much more proactive.» Time will tell how this thought holds up, but if there’s any director who’s box office opinions hold any weight, Spielberg is the man.
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