Film Investing Article about "Precious" | New York Times

Film Investing Article about "Precious"

by The New York Times

Think you have it rough? Lee Daniels is known for producing controversial films, such as The Woodsman starring Kevin Bacon as a convicted sex offender and Monster’s Ball, a melodrama about bigotry and interracial love in the South. The first film he directed, Shadowboxer, which he also produced, has a loony premise: a hit man having an affair with his dying stepmother and raising a child together.

© New York Times: Lee Daniels and Mo' Nique
© New York Times: Lee Daniels and Mo' Nique Read

...and he decided to raise the money and produce it. “Just like that,” Daniels recalled. “I had a 90-day option to raise the money for ‘Monster’s Ball,’ and on the 90th day, I had the money.quoted text

When figuring out the film financing, Daniels had to face that Shadowboxer hadn’t done so well. “It was very, very hard to get financing for Precious. All the studios said no. They didn’t want to make a film about a 350-pound black girl who is abused. Everybody kept saying no. My whole life was no. It was just a bunch of nos.”

Eventually, Daniels found independent financing. For Shadowboxer, he found a “ rich man in Philadelphia who paid for the movie, God bless him.” For Precious, Daniels raised the initial $8 million from Sarah Siegel-Magness and Gary Magness, who live in Denver.

Things to note in this article for yourself, the Film Maker, and your Business Plan:

Source and Full Article: The Audacity of ‘Precious’ New York Times, October 25, 2009 ©

Back to Top of Film Investing Article about "Precious"


Independent Film Financing Business Packages

Are you ready to finance your film?
Do you think like an investor and speak their language?
Get a huge advantage over other Filmmakers Using Our Tools

Film Financing Package Download

Free Film Making Bonus Pack

(Free with Film Financing Package #3)


Independent Film


Just finished post on our $1.5 million picture "Coming Through the Rye" with Alex Wolff and Chris Cooper. I could not have raised this money or made this film without the materials you provided -- and for $99? The bargain of my career! quoted text

- Producer, Writer, Director "Coming Through the Rye"


1000 Ways to Finance Your Movie
1000 Ways to Finance Your Movie


Film Investor Guide
Film Investor Guide


How to Make a Movie Mini Course
How to Make a Movie


Subscribe to Movie Cents, and get your FREE Business Plan Checklist

Movie Cents Film Financing


Film Financing and Investor Manual
Film Financing Manual

When I came across the Business Plan Tools and the Finance Guide, I felt like I could stop searching for the pot of gold...I’d found it. In one place, with clear, easy to follow materials and spreadsheets, my questions were answered.quoted text

Film Financial Projections Business Plan Template
Film Financial Projections Template

the early feedback from the "suits" in this project is that I've presented a clear yet compact overview of the prospects.

-TV Producer quoted text

Film Business Plan Template
Film Business Plan Template

I'm now sending out my completed business plan/film proposal document to potential investors and the one comment I'm getting back almost immediately is that it's so well laid out and professional. Believe me, first impressions really do count.quoted text

Sample Film Budget Template
Film Budget Template

As it turned out, the business plan WAS the hardest thing I've ever done, but with the tools in the package, it made it much less stressful and the more I got into it, I thought to myself - YES!!! - thank god someone knows what they're doing...quoted text