He Quit Banking to Make Movies. Now He’s a Miramax Executive (Spencer Ela)

Spencer Ela had a steady job at a bank and a clear path to management. Then he quit — with no job lined up — to try to make it in Hollywood, an industry where (despite growing up in LA) he knew almost no one.Today, he's a senior vice president at Miramax — the studio behind Pulp Fiction, Good Will Hunting, and No Country for Old Men.Spencer talks with Chris Hill about that leap, what his parents thought, and the surprisingly strange economics of moviemaking once you're on the inside.- Why a $100 million movie might actually cost a studio only $50 million - How a movie can keep making money for decades after it leaves theaters - The BMW leases that Spencer now wishes he'd traded for NVIDIA stockOpening clip – “The Wolf of Wall Street”