Film & TV
Nicolas Cage Admits Making Slew Of VOD Movies To Pay Off Debt
Actor Nicolas Cage has admitted he starred in a number of direct-to-video movies to pay off an immense debt.
In a new interview with GQ to promote his upcoming film The Unbearable Weight Of Massive Talent, Cage opened up about his struggles with paying off his debts that had accumulated over the years.
In 2014, reports surfaced that Cage had blew his $150 million fortune and owed the IRS $6.3 million in property taxes. He was also reportedly on the verge of bankruptcy.
“I’ve got all these creditors and the IRS and I’m spending $20,000 a month trying to keep my mother out of a mental institution, and I can’t,” Cage said about his debts. “It was just all happening at once.”
To avoid filing for bankruptcy, Cage said he started accepting roles in VOD movies, ultimately starring in 3-4 of them a year.
“When I was doing four movies a year, back to back to back, I still had to find something in them to be able to give it my all,” he said.
“They didn’t work, all of them. Some of them were terrific, like ‘Mandy,’ but some of them didn’t work. But I never phoned it in. So if there was a misconception, it was that. That I was just doing it and not caring. I was caring,” he added.
The actor said he officially finished paying off his debts a year and a half ago, which is about the time he started taking on more revered showings, such as the indie thriller Pig.
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