10 Most Insane Things Happening In Movies & TV Right Now (Jan 18th)
7. M Night Shyamalan Pays For His Own Movies
As anyone who has sat through the opening credits of any indie film that's played at a film festival with 140 production partner idents before the film starts, financing movies is a costly business. Most of the time, it comes down to several big wigs coming together to decide to pay $175m plus about the same again in marketing to make a King Arthur movie nobody wants to see. They don't always get everything right, okay?
That also means that any film-maker - even one with a fair track record - has to run the gauntlet with studios to get the required budget. That's why it's taken so long for Scorsese's The Irishman to get made, with only Netflix willing to cough up the readies.
No wonder, then, that sometimes directors just go self-funded. That's usually smaller scale projects, but apparently, M Night Shyamalan is so uninterested in waiting for the greenlight from other people that he just took to funding the movies dragging his reputation back upwards.
According to Forbes, he took out a $5 million loan on his 125 acre Pennsylvania estate for The Visit, then put $9 million together for Split and then $20 million for the budget of Glass, using his earnings from the other two movies and another loan on his property. More power to him, but that's a hell of a gamble to make.