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No, that is impossible. Performance is a two way street, film is one way.
I fail to see the distinction. I mean, what if I were to film a Live performance in a theatre with a camcorder? Would my left eyeball be on a two-way street and my right eyeball be on a one-way street? No way. All films are Live performances. Just taped and with many takes to get it "just right," but that take is just as live as the take they threw away.
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That is not the "other side" of the audience participation "street." Your analogy doesn't work.
My analogy works to me. I go into a movie accepting certain highly improbable things made plausible by a good film crew (Please notice the distinction between "possible" and "plausible") and enter "their world," and in return I expect them to at least be plausible to members of the real world.
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You are correct. James Bond would never succeed at any of his missions, nor live for thirty years and never age. Superman cannot actually fly. Fish don't talk. Yet we accept certain things on stage and in film that we don't in real life. Do you really think that if something doesn't happen in every day life that it cannot be put on film? Film shows us events ranging from mundane to fantastic - fantasy is usually a method to describe something true through visuals when another method would not suffice. Music sung in a film is meant to be an emotional outpouring, one that describes and enhances the TRUTH, not reality, of a given moment. Truth is the ultimate goal of all art, not realism.
Again please note the difference between "plausbile" and "possible." It is greatly possible and plausible for James Bond to succeed. It requires the belief of many improbable things, but it is certainly plausible for a super-spy of his calibur. Superman can fly. Any man can fly. We've been flying for over a century. Now the idea of a man simply going "up up and away" and zooming out may be improbable to the point of impossibility, but the act of flying is very common, from airliners to hang gliders to those weird suits that also glide a man through the air to parachuting. It may not be possible to do it, but it is certainly plausible to just fly like that. And Fish do talk. Cats, Dogs, Horses, even single-celled organisms talk. They may not speak English, but they talk. However, a big musical number during an important part of life is possible, but certainly not plausible. (hypothetically) No gangster ever sang "Mob Man #1" in a witness box, a song he had written and rehearsed just incase he was ever arrested and put on trial. And just what the hell is West Side Story? I mean seriously. Any message or truth one is trying to convey is pissed away the very second one strikes up the band and dances about. It is ultimately jarring, even if the transitions are as smooth as possible. The viewer has to switch off "plot" and switch on "song," which is why musicals are decidedly unpopular, and rightly so because of their inherent implausibility.
And you know what really chaps my ass about musicals? Why do they corrupt everything they touch? I have been in a fair share of musicals myself (high school), and it always stings when I found out there is a straight version of the play that existed before, and that it was ADAPTED into a musical. I was in My Fair Lady in High school and when I found out it used to be a play called Pygmalion until somebody put lyrics in it for some reason. Musicals just cheapen everything they touch. You say not to look at the modern "flashy" musicals and check out older ones. But even then the older ones are most of the time versions of something else, which would make them the "flashy" versions of those movies/plays/books. I seriously hate that. Make an original musical please, and stop infecting everything else. I mean seriously, Les Miserables? A Musical? Victor Hugo is spinning in his grave. Did they think it wasn't good enough or something?
I think that last part of my post was supposed to be a joke, Evan. It was about your assertation that Batman Begins is poorly edited, and immediately I got the image of somebody jumping up in a theater going "WOOO! The film has AWESOME editing man!"