SONY - Francis Ford Coppola Spent $120M Self-Financing Passion Project: What The Gambit Could Mean For The Film Industry | Benzinga
Director Francis Ford Coppola shot to international stardom in the 1970s following his critically acclaimed films “The Godfather,” “The Godfather Part II” and “Apocalypse Now.” His latest, the self-financed film “Megalopolis,” is set to premiere on Thursday and has the potential to shake-up the film industry.
Production Challenges: Coppola has tried to make the film for more than 40 years but could not acquire financing. The director previously worked with Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) to finance “The Godfather.”
In what could be his final film, Coppola sold a portion of his wine empire to self-finance the film’s reported $120 million budget, according to The Hollywood Reporter.
The Premiere: The film will premiere on Thursday at Cannes Film Festival, considered one of the world’s most ...