The position here has always been that nobody has any business telling you how to spend your money. This  topic usually comes up in the context of charity, as in, “How dare that individual spend money on what they think is important when they should be spending money on what I think is important!” A couple of recent developments have raised the issue in a different context, however: incompetent and irresponsible expenditures of large amounts of money.

Take “Cats,” for example. The already immortal flop film cost a reported $100,000,000 to make, and marketing costs are on top of that. It is sure to lose many, many millions of dollars, and the question becomes, “How could movie professionals make a blunder like that?”

I always assumed that “Cats” could not be a successful movie because of its purely theatrical nature. Surely the lesson of the film version of “A Chorus Line,” another Broadway musical that never should have move to the screen, was guide enough. Yet it happened. The fiasco put me in mind of other infamous and avoidable screen disasters, like 1978’s “Sgt. Pepper’s Lonely Hearts Club Band” starring Peter Frampton and the Beegees. Before the film’s release, Robin Gibb of the Bee Gees announced: “There is no such thing as the Beatles now. They don’t exist as a band and never performed Sgt Pepper live in any case. When ours comes out, it will be, in effect, as if theirs never existed.”

Good prediction. The huge MGM film with dozens of celebrity cameos was instantly and universally reviled. Even worse, a few years later, was “The Pirate Movie,” another misbegotten big budget musical. The idea here was to do a new version of “The Pirates of Penzance” but without the dialogue, plot and music that has made the Gilbert and Sullivan show popular for more than a century….and to star Kristy MacNichol, the androgynous, non-singing teen star, as the heroine. How could such a brilliant concept fail? Continue reading →