The director of 'Sex, Lies and Videotape' and 'Ocean's Eleven' also tells MarketWatch that 'movies don't matter the way they did when I was growing up.'
The acclaimed filmmaker, who has been behind such pictures as “Sex, Lies and Videotape” , “Ocean’s Eleven” and the Oscar-winning “Traffic” , announced plans about a decade ago to step away from making movies. But that proved short-lived: He has not only continued his work in film, with credits that include “Logan Lucky” and his latest project, “Magic Mike’s Last Dance” , he has also moved into other media, such as with...
Soderbergh has also tackled other projects, including a one-time effort helping produce the Oscars in 2021. So, with the awards show coming up again this Sunday, MarketWatch spoke with the 60-year-old filmmaker about movies and booze as well as matters relating to personal finance. Here are edited excerpts from the conversation.
MarketWatch: Let’s talk about singani. After a multi-year effort, you got the spirit officially recognized by the U.S. government as a category all its own. Why was that important to you? MarketWatch: Now, let’s talk a little bit about the Oscars — something you know about both from winning an Oscar for “Traffic” and from co-producing the awards show in 2021. Why is it that we always have these controversies associated with the Oscars, such as the “La La Land”/”Moonlight” mixup in 2017 or the Will Smith slap last year?
Soderbergh: If you follow the algorithms, it looks like “Everything Everywhere ” is the front-runner right now. But I’m always wary of making any hard and fast predictions based on the award-season track record because there’s usually one or two surprises every year, there’s a dark horse that nobody saw coming. So I’ll be watching like everybody else, yelling at the television.
And so, for instance, if you have a movie that you’ve put out in wide release and spent a lot of money marketing…let’s say you actually know it’s going to be a disaster. You should be able to get your movie out everywhere as quickly as possible. You shouldn’t be restrained. And the theaters need to be more fluid in a situation like that, where somebody’s really taking a beating.
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