Tuesday, November 28, 2006

Spike Who?

Terry l. Woodard had just graduated from Morehouse College. A classmate named Shelton Lee asked him to pony up a few thousand bucks for Lee's film project. Short on cash, Woodard turned Lee down. What a mistake. You know the young filmmaker as Spike Lee. He scraped up enough money to make the 1986 hit She's Gotta Have It. A triumph for a film not made by a big studio and costing only $175,000, the flick grossed $7.1 million at the domestic box office, and its investors continue to receive profit checks. A 20th-anniversary DVD of the sex comedy has been planned, but no release date is set. Along the way Lee has produced 22 other films that did a combined $433 million at U.S. box offices.

Read the rest of the Forbes article on investing in films by clicking here.

[HT: Commerce Bucket ]

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