George Lucas and Steven Spielberg spoke on a panel at the USC School of Cinematic Arts this last week, and casually predicted the total meltdown of the movie business. Oh, and they believe that customisable dreams and brain implants are the entertainment of the future. Check out our top five highlights from this amazing interview, below.

Video on demand will eclipse the movie business for film makers:

What used to be the movie business, in which I include television and movies … will be Internet television

Big name directors won’t get in to movie theatres unless they make cheesy blockkbusters:

It’s almost that way now. ‘Lincoln’ and ‘Red Tails’ barely got into theaters. You’re talking about Steven Spielberg and George Lucas can’t get their movies into theaters.

There’s going to be one big melt down that will change the landscape of entertainment:

There’s eventually going to be a big meltdown, there’s going to be an implosion where three or four or maybe even a half-dozen of these mega-budgeted movies go crashing into the ground and that’s going to change the paradigm again.

Going to the movies is going to become super expensive:

You’re going to end up with fewer theaters, bigger theaters with a lot of nice things. Going to the movies will cost 50 bucks or 100 or 150 bucks, like what Broadway costs today, or a football game. It’ll be an expensive thing. … (The movies) will sit in the theaters for a year, like a Broadway show does. That will be called the ‘movie’ business.

The future of entertainment is brain implants:

The next step is to be able to control your dreams, you’ll just tap into a different part of your brain. You’re just going to put a hat on or plug into the computer and create your own world. … We’ll be able to do the dream thing 10, 15 years from now. It’s not some pie-in-the-sky thing.

Click HERE for the rest of the interview.

[Source : Vanity Fair]