Francis Ford Coppola to Spend His Personal $120 Million on New Movie: I Don’t Care ‘Concerning the Monetary Influence’

Francis Ford Coppola is placing down $120 million of his personal cash to make his long-in-the-works ardour undertaking “Megalopolis.” Coppola wrote “Megalopolis” within the early Nineteen Eighties and has been reportedly in talks with Oscar Isaac, Forest Whitaker and Cate Blanchett to lastly get the movie off the bottom. The difficulty Coppola has confronted is that the film is such an bold and costly authentic concept that no main studio would ever contact it.

Talking to GQ journal, Coppola mentioned that main Hollywood executives reacted to his “Megalopolis” pitch the “identical means they did after I had received 5 Oscars and was the most popular movie director on the town and walked in with ‘Apocalypse Now’ and mentioned, ‘I’d prefer to make this subsequent.’ I personal ‘Apocalypse Now.’ Are you aware why I personal ‘Apocalypse Now?’ As a result of nobody else needed it.”

Coppola added, “So think about, if that was the case after I was 33 or regardless of the age and I had received each award and had damaged each report and nonetheless completely nobody needed to hitch me, [then how do you think they’re reacting now?] I do know that ‘Megalopolis,’ the extra private I make it, and the extra like a dream in me that I do it, the more durable it will likely be to finance.”

The plot of “Megalopolis” stays one thing of a thriller. Coppola has mentioned previously that it’s to be made within the custom of a Roman epic however set in a utopian model of New York Metropolis known as New Rome. GQ described the undertaking as “a love story that can be a philosophical investigation of the character of man.” To fund the undertaking, Coppola is placing up his personal $120 million and “offered a major piece of his wine empire in order that he might use a share of the sale as collateral for the road of credit score to lastly make the movie.”

“Properly, if I had been Disney, or if I had been Paramount, or if I had been Netflix,” Coppola mentioned, “and I needed to elevate $120 million, and I needed to begin saying sure and paying folks, how would I do it? All of them do it a technique. You will have a line of credit score, okay? I’ve a line of credit score.”

The $120 million determine is an enormous one, however Coppola mentioned, “It’s not as if $120 million is the extent of what I’ve. I’ve bequeathed a lot to all my kids. After which they themselves, the best factor I bequeathed to my kids is their know-how and their expertise. [My kids are] not going to have an issue. They’re all very succesful. They usually have Inglenook [the family winery], the place we’re. There’s no debt on this place. None.”

When GQ requested if self-funding “Megalopolis” might mirror his expertise on “One From the Coronary heart,” a large flop that Coppola spent years paying again the financial institution for, the director responded, “I couldn’t care much less concerning the monetary affect in any respect. It means nothing to me.”

“Megalopolis” stays in growth for now. Coppola has not but introduced a manufacturing begin date.