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Think Like a Man was the breakout hit of 2012. It recorded $96.1 million in box office receipts worldwide on a production budget of $12 million. In fact, it was No. 1 at the box office for two weekends–a sweet spot for a film with a predominantly African American cast and produced by African American power brokers Will Packer and Rob Hardy of Rainforest Films.
Regardless of that recent box office triumph, getting a film produced and distributed is difficult. The harsh reality is no one African American has the power to green-light a film. Another somber truth is that African American filmmakers face smaller production budgets, receiving around $10 million to $12 million whereas the average cost of a major movie studio film is more than $90 million.
Even entertainment powerhouse Tyler Perry still needs the go-ahead from Lionsgate to get his next movie made, although his films are a bankable $50 million-plus on average, says Darrell D. Miller, a partner at Fox Rothschild L.L.P. and chair of the Entertainment Law Department. Still, Perry arguably has the most leverage of any one writer-director-producer can muster in Hollywood, says Miller. And a number of other African Americans filmmakers are getting projects made with the stamp of approval from Hollywood executives and are generating box office hits often through movies that have crossover appeal and translate well for international markets.
Black Enterprise decided to take a look at the highest-grossing African American producers–those who, according to the Producers Guild of America, engaged in decision-making functions, script revisions, and casting decisions, among other things. We examined those individuals who served as an executive producer or producer on a major theatrical film release; associate producer and co-producer credits were excluded. Other criteria: individuals had to have produced five or more films; at least three of those titles had to have generated at least $50 million at the box office and rank among the top 100 highest grossing films during the year of their theatrical release. By Hollywood standards, a film’s worth is based on its box office returns. So, our top 10 is ranked by lifetime cumulative gross box office receipts worldwide.
On the following pages, meet the established black producers who are boffo at the box office and some newer faces of Hollywood who are making great inroads.
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