Is George Lucas Right?

Recently, George Lucas was quoted as saying that the block buster is dead.

http://www.nydailynews.com/front/story/397167p-336664c.html

Is he right? Lucas says that the studios can no longer afford to make $200 million movies like Star Wars and to expect them to do well at the box office. He uses King Kong as an example, because it did not live up to the hype, but surely we all can agree that it and other blockbusters will make up whatever losses at the box office with cable and dvd sales, not to mention sales from the rest of the world market.

Apparently, Steven Spielberg or Tom Cruise do not agree. If you have missed it, Tom Cruise has already begun to publicize his latest cinematic endeavour Mission Impossible III which naturally I would have to boycott if it were not for the fact that 2006 Best Actor Oscar winner, Philip Seymour Hoffman will be co-starring in the flick. There are also stories of a Raiders of the Lost Ark sequel surfacing again - surely we can have one more flick with Harrison Ford using that whip!

Like Lucas, I welcome the return to small, independent films but what do you think? This is my first blog, of what I hope will be many more, so feel free to suggest other topics and or movies that you think are to die for.