Robert Redford explains why Hollywood has stopped making dramatic movies
Although the actor still shows up occasionally in the big budget Hollywood movie (most recently "Captain America: The Winter Soldier"), for the most part he's been dedicated to helping filmmakers tell important stories that the Hollywood system won't touch.
Redford created the Sundance Film Festival, which has become the preeminent American film festival for independent filmmakers. He's also starred in works by burgeoning talents.
His latest role in the movie "Truth" is a perfect example. In it, Redford plays Dan Rather during a controversial "60 Minutes" report on President George W. Bush's military record. The report led to Rather stepping down as the anchor of "CBS Evening News."
However in the 1970s, studios used to do button-pushing dramas. Redford starred in a few of them, like "Three Days of the Condor" and "All The President's Men."
"Through the '60s and '70s, I enjoyed being able to do a large film and also at the same banner do a small film that I wanted to make," Redford told Business Insider during a press day for "Truth."
"I was very happy to do a larger film - either it was something that I liked or the larger films were good. But something changed in 1980. Hollywood became centralized and [the studios] were going to follow the youth market because that's where the money was. They weren't going to make these films that were more humanistic in nature and that's what made me want to start Sundance, to keep that alive."
Movies like "Jaws" and "Star Wars" made Hollywood completely changed it looked at the business. With "The Empire Strikes Back," and "E.T. the Extra-Terrestrial" on the horizon, the modestly-budgeted drama would no longer have a place at the studio level.
Today, dramas at studios are mostly extinct (outside of a story that has awards-bait and has a major star attached) with the focus firmly on big-budget blockbusters, and most recently, comic book adaptations.
To Redford it's simple: "They're following the money," he said.
"Truth" opens in select theaters on Friday.