Movie executives do not lead happy lives. If you are an executive, this is your day: a scruffy man in a Hawaiian shirt walks into your office and says, "I need you to be personally responsible for giving me one hundred million dollars so I can go to Ireland and have people who pretend for a living act like they're fighting imaginary dragons."
"Will I get to see the dragons first?" you ask hopefully.
"Oh, no the dragons won't exist until after we're done shooting. The professional pretending people will be yelling at sticks. Occasionally, they will flee from a mop."
And your job, as the exec, is to write him the check.
http://kfmonkey.blogspot.co.uk/2005/02/writing-adaptation-pt...
I'd imagine that the methods to raise that kind of budget aren't all that dissimilar in truth.
Not really. Lord of the Rings was an established brand before the movies with a fervent fan base.
If you want a more accurate analogy, there are places that fund a load of startups in a similar way to studios... ;-)
The general public has, in general, no clue about how the movie industry actually works. That extends to random HN commenters.
In this case, though, you're right.