I’m joined by Peter M. Hoffman this week to discuss his new memoir, Karmic Winds, about his time in Hollywood as the tax lawyer who could figure out how to get movies financed and get people paid. Fans of 1980s action movies will recognize many of the names here, as Hoffman was a key figure in the Golan and Globus empire before becoming CEO of Carolco Pictures during their epic run of films that included Basic Instinct and Terminator 2. We also discussed the way tax laws helped—and then hindered—getting movies made, and Peter’s own unfortunate run-in with IRS authorities. If you want the full story, make sure to check out his book, which goes into much more detail than we had time for here.

This episode gets a bit in the weeds about tax law and the such, but I’d love to hear from folks about their favorite Carolco films. One that we touched on very briefly is Jacob’s Ladder, a movie I’ve always found fascinating in part because I don’t think it entirely works. Or at least, it didn’t for me … but Peter’s book highlights the ways in which the film reflects the Tibetan Book of the Dead, which may just be the key to unlocking it all. I’m excited to go back and revisit it with that idea in mind. 

I’m super-excited about this week’s episode, as I’m getting to talk about one of my favorite zombie movies (Day of the Dead) with one of the creators of that film (John Harrison, the first assistant director and composer of its iconic score) and one of the producers at one of my favorite boutique Blu-ray labels (Jeff Roland from Shout Factory/Scream Factory). We talk all about the making of the film, of course, but also the making of this set: one of my favorite special features on the bonus disc is a 30-minute-or-so doc about the actual restoration of this film. How they tracked down the interpositive, what they had to do to get the transfer into shape for a 4K release, how they had to mix the sound, etc. 

I really cannot recommend this set enough: it comes out June 16, but I strongly recommend picking up a copy now, as these collector’s editions can be hard to keep in stock. Obviously, the fans of Romero’s films are going to want it. But I would pitch it to anyone who appreciates a good piece of archival work: There are documentaries on this thing that will simply help you understand the world of physical media better. Plus a fun new audio commentary featuring Drew McWeeny and Daniel Kraus. And, of course, a pristine new transfer that gives extra depth and definition to all of those scenes set in the underground mines where most of the movie takes place. 

Occasionally, someone will ask me if I think they should invest in a movie. My answer is, invariably, the same: you should only invest in movies you really believe in; you should understand that even if you invest, the movie will likely never get made because most movies never do; and you should only invest if you’re willing to lose everything you put in, because even those movies that do get made tend to show a loss.

I lead with this because today I’m talking to Jeff Annison of Legion M, a production and distribution company built on the idea that fan investments are a great way to both develop seed capital and drive enthusiasm at theaters. Legion M is not a fly-by-night company and has a number of productions under its belt, including My Dead Friend Zoe and The Man in the White Van. Jeff will be the first to tell you that investing is risky and should only be done if you’re comfortable with losing it all, though he obviously has staked his claim with Legion M and put no small amount of his own capital at risk. And they’ve certainly seen some successes with films like the Nic Cage-starring Mandy (one of my favorites of the 2010s).

We discussed how changes to investment laws in 2016 helped spur a shift in indie fundraising from crowdfunding models to models that allow individuals to earn equity in the movies they contribute to the production of. We also discussed the Legion M Film Fund, their distribution-minded arm that provides last-in, first-out money for films seeking a domestic release. And we chatted about the effort to build a consistent fan base via the cultivation of retail investors.