The Economist | Split screens: A tale of two TinseltownsSorry, but no. Technology has not made it more expensive to make films. Technology has allowed filmmaking to be more expensive. It's also allowed filmmaking to be less expensive. Same as pretty much every other industry.
Meanwhile, costs are rising. Everyone had expected technology to make it cheaper to produce films, but the opposite has happened, says Michael Lynton, the boss of Sony Pictures. A move from analogue to digital film enabled perfectionist directors to shoot more takes and touch them up afterward, using up expensive production and editing time.
The problem is not technological trends. The problem is that social trends have failed to keep up with changing technology. Hollywood producers haven't been able to keep a tight enough leash on their
Don't let directors shoot extra takes. Don't let them edit forever. Don't let them order the FX team to re-make a digital shot of shattering glass so that the shards briefly take the form of a blooming rose.*
Why am I even mentioning this? One, because I think it's important to disaggregate social and technological trends. Two, because Health Care. I'll leave the analogy as an exercise for the reader.