courtside in my seats, that's the experience. >> what is the price tag? well, "your money" starts now. >> lights, camera, and welcome to "your money." if a film costs $100 million to make but nobody sees it will it change the way you watch movies for good? call it hollywood's latest disaster epic, and nobody in the film business wants to see a sequel, an avalanche of mega movies have fallen with a thud. "after earth," and others all fell tens of millions short of their opening weekend expectations. with price tags exceeding $100 million, these productions will be lucky to make back half of what they spent. steven spielberg, director of

the original summer blockbuster, "jaws," says all these bucks will change what you end up paying at the box office. >> eventually you will have to pay $25 to see the next "iron man," and $7 to see "lincoln." >> reporter: globalization has hit hollywood and the number one movie this summer, "iron man 3" made money at home and then doubled that abroad. the international market has a taste for the computer-effect heavy spectacles, and that's why the theaters are shying away from the risky storing telling, and each of the top grossing movies were remakes or sequels, and george lucas knows a thing or two about sequels. >> what used to be the movie

business, which was television at the movies, and that's the television business which has nothing to do with television. >> some are drawing viewers away from the theaters. what does the future go for movie goers that prefer film makers with big ideas but perhaps smaller wallets? spike lee has been telling original stories for decades, from "do the right thing," to "inside man," one of my favorites, but what does the future lack like for producers that don't want to turn out sequels. >> what mr. speilberg and lucas said, i can't top that, they hit the nail right on the head. >> you have changed the way you are doing business. explain. >> well, my newest film, i am

raising money through kick start, which is really about crowd funding. i thraoeubg say that i have been doing kick starter before there was kick starter, and yesterday's film, the 27th anniversary of it, and the budget was $175,000, and so there was no internet, and social media for me was writing letters, writing post cards, and licking envelopes and stamps and making phone calls. i have been doing this from the beginning, and now i am just trying to use the technology to get the money. >> the technology let's you do things, though, that may have not been available 27 years ago. >> no, there is no may, it has. >> people you never met and never laid eyes on, and they will be investing. there is a sense among some people, and the kick starter is

for the grassroots for the small time inventor in their garage, or a film using their iphone, and that's not you, and you know, you have a rolodex with alisters out there, and is there a difference between what you are doing and a guy making a movie with his iphone? >> no, because we are both appealing to people to make pledges to get our work. and i went to the co-founders of kick starter, and they said, spike, we made this for everybody, and so the co-founders kick started that and i am okay with that, and we are bringing people to kick starter that never even heard of it, and they never heard of proud funding, and they are boeing to pledge for my films and investing in other films, too. >> what do i get?

>> when you pledge, there are rewards for every pledge. so kick starter, $10,000 is the limit. so for me, $10,000, 10,000 bucks, i take you to dinner, and you sit courtside with me, my wife's seat, and thank you, tonya, at the world's most famous arena, and we should not move in ten years, that's bs. >> still, it would be an honor -- >> no, no, no, sir. sitting with me, and maybe you don't know basketball, but sitting with me courtside in my seats, that's an experience. >> it's the celtics there, one of the great teams -- >> we have sold 27 of those. >> 27 $10,000 packages. >> yeah, the tickets cost me

$3,500. and then steve bought one himself. and he is going to work exclusively doing cable work. >> and then we see sequels sometimes, movies that were made 20 and 25 years ago, and not sequels but remakes, and we see a re-make to "total recall," and a remake to "dirty dancing." "do the right thing" was a huge film, but what would you say if somebody said i want to make a re-make of "do the right thing "? >> i say do it as a broadway play. >> is that in the works? >> yes, my man, and james owns have those here on broadway. >> would you put the musical in movie form? >> trying to speak to stevie wonder. >> you see the remakes selling right now, and you are not

opposed to the notion -- >> no, because my new film "old boy" is not a remake, but it's a re-ent re-enter prau taeugs. for me, i mean, this pole, this tent pole business plan is going to collapse the movie business on to itself. >> this is a money show and business show. and the knicks are a team they did win a championship -- >> yeah, 41 years ago. >> and then let me ask you this, lebron james can opt out of the contract, and do you think the knicks have any shot of signing him? >> i don't think so. if he wanted to come to new york he would have gone to new york instead of miami, and they won

two championships back to back, and they are going for a three-peat, and i think he will city. once you get under the grips of pat riley, he -- >> you guys had him and couldn't hang on. spike lee, a pleasure to talk to you. appreciate it. we were talking about 1986 "jerry mcgwire." >> show me the money! >> but a summer of athletes behaving badly have left some thick wallets lighter, and it has some fans wondering what could happen next. illuminate dullness lift sagging diminish the look of dark spots and smooth the appearance of wrinkles high performance skincare™ only from roc®

to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fly any airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, you guys! and with double miles you can actually use, you never miss the fun. beard growing contest and go! ♪ i win! what's in your wallet? [ all ] who's new in the fridge! i help support bones... [ ding! ] ...the immune system... [ ding! ] ...heart health... [ ding! ] ...and muscles. [ ding! ]

that can only be ensure complete! [ female announcer ] the four-in-one nutrition of ensure complete. a simple choice to help you eat right. [ major nutrition ] nutrition in charge. investors could lose tens of thousands of dollars on their 401(k) to hidden fees. is that what you're looking for, like a hidden fee in your giant mom bag? maybe i have them... oh that's right i don't because i rolled my account over to e-trade where... woah. okay... they don't have hidden fees... hey fern. the junk drawer? why would they... is that my gerbil? you said he moved to a tiny farm. that's it, i'm running away. no, no you can't come! [ male announcer ] e-trade. less for us. more for you. a quarter million tweeters is beare tweeting.come! and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow.

this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? this summer has been a hot one for athletes behaving badly, not all of them, just a sliver in fact, and when it happens it certainly grabs the headlines.

more than 30 nfl players have been arrested since the super bowl, and of those aaron hernandez faces the most serious charges, and in june he was arrested and charged with first-degree murder, and hernandez is awaiting trial in jail. last week a video surfaced of the philadelphia eagles focused for a racial slur, and he was sent home from training camp but since returned to the team. and then under investigation, and manzell was paid thousands for signing autographs which is a major fine. and then 12 major league baseball players suspended for 50 games this week, all linked to a anti-aging clinic where they bought performance enhancing drugs, and none of them failed a drug test, and

only one, yankees's third baseman, alex rodriguez is appealing the 200-game suspension. and we go to oak hill club, and let's talk about a-rod here. he makes $27.5 million a year, and the average income in the u.s. is $27.915 a year, and a-rod's contract with the yankees runs through 2017, and appealing the suspension, it's really all about money. the yankees have been looking into this for a long time, looking for ways to get out of the deal. would it be a smart business deal if they could pay him out and cut ties? >> reporter: not really, because they are page him $60 million, and you don't want to pay a guy $60 million to do nothing, and that's if the full suspension is upheld and he loses $30 million

plus off that contract, and they are going to be paying him more than $60 million, and you don't want to pay that money for a guy to do nothing, and even if you negotiate some sort of settlement, and alex rodriguez would not take that kind of pay cut. and if he is available and paying him, they are going to use him. if he is suspended for as long as baseball has said he will be suspended, and of course we will see what an arc -- arbitrator decides. they are required him if he is on the field, and it's a an interesting financial situation. >> 40 years old and having take a full year off. >> mark mcgwire, he said especially the players don't want any more part of it and i hope this is the end of it and

werb i was never part of it. >> this is not the end of steroids and p.e.d.s in baseball, but might it be a turning point that we are seeing? >> yeah, it's a seat change in the mcgwire and sossa era, nobody wanted to talk about steroids. now, in club houses around the country, we are seeing players speak out saying we don't want cheaters in our game, and we don't want to be competing against them for jobs and i think that change more than almost any other will shift the way not only the public but younger players coming up see the game and see that they should take the performance enhancing drugs, and there will always be people that want to cheat. >> we are not talking about cheating in the game, and we are talking about life problems here, and we are talking about

tiger woods. you spoke to tiger woods this week. he is coming off of his 79th pga tour win last week, and how is his comeback going and how are fans treating him on the course? >> reporter: fans here love him because they want to see him win tpwe again. it has been five years since tiger has won a major tournament, and he has had a fantastic year, and he won nearly $8 million, and he came close in the majors but has trouble closing and i asked him about that on the course. >> i keep getting myself there. keep putting myself there. and the key is, if i am there, then i got a chance to win. i just haven't done it in the last five years, but the key is to keep putting myself there and i will start getting them. >> reporter: for you you had a tremendous years, and you played great golf, but you still want

that major so badly, and why is that the most important to you after all this time? >> they are the biggest events, and it's neat being part of a golfing history, you know. you know, i have won 14 of them, and they are so unique and different, and you are playing against the best fields, and you are on the most difficult venues, and the pressure is just -- it's fantastic, it's fun, so that's why there is a rush and that's why we play and that's why we love them. >> rachel, thank you so much. stay tuned for "today" coming up at 10:30 a.m. eastern right here on cnn. in the meantime, head over to cnn money for an interactive look for how much the all-time greatest golfers earned for major championships, and that's up on cnn money right now.

dr. sanjay gupta was against the use of medical marijuana, and now he says he was wrong, and sanjay joins me next. ♪ come to the golden opportunity sales event and experience the connectivity of lexus enform, available on all lexus models, including the es and rx. ♪ this is the pursuit of perfection. vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection and because usaa's commitment to serve military members, veterans, and their families is without equal. begin your legacy, get an auto insurance quote.

usaa. we know what it means to serve.

we talk a lot about budget cuts, underfunded schools, even cities going bankrupt. one idea that has a lot of people talking, legalize marijuana and tax it like crazy. according to harvard economist jeffrey myr on, legalizing pot could save the government $7.7 billion in enforcement costs and bring in $6.2 billion in tax revenue. those a total of almost $14 billion in savings and revenue. then there's the other part of the discussion, people that argue that pot isn't really bad for you, that in some cases it has major health benefits. i want to bring in cnn's chief medical correspondent dr. sanjay gupta. you have a special about marijuana called "weed" airing

this weekend. you have talked with doctors, growers, and dispensers. you have researched this for over a year and what's fascinating is you have had a change of heart. >> i think that's very fair to say, john. i have had a change of heart. i had been critical of medical marijuana in the years, written magazine articles about it, sort of pointing out this in my opinion at that time the evidence just didn't stack up, and, john, if you go look to the level journals now on medical marijuana, there's some 20,000 papers out there, but the vast majority of them are designed it look at harm. a very small percentage, about 6% or so, my calculation, designed to look at benefit. and it gives a very distorted image of our attitudes towards medical marijuana, what we know about it. for me it took getting outside the country, looking in other labs, and talking to legitimate patients with legitimate problems as i found for whom not only did marijuana work, it was the only thing that worked. so, yeah, i had a change of heart in large part because of

this journey, john. i have seen how it can work with nothing else did. i want you to see chas moore. he's a 19-year-old with a condition. >> reporter: i meet 19-year-old chas moore. he uses many different strains of marijuana, many of them high in cbd, to treat his rare disorder of the diaphragm. >> my abs lock up. >> reporter: that's why he's talking this way. almost speaking in hiccups, like he can't catch his breath. he's about to show me how the marijuana works. he's been convulsing now for seven minutes. how quickly do you expect this to work? >> within like the first five minutes. and i'm done. >> reporter: that's it? >> that's it. >> reporter: it was actually less than a minute. john, he had taken so many different medications, and, you know, he is one person, but he's emblematic of many more.

so many of those medications he took weren't working for him. he had been in the intensive care unit for a period of time. you heard he's taking this strain of marijuana that's high in cbd. there's two ingredients people talk about, thc, the stuff that can make you high, and cbd which is the more medicinal part. you can have a more medical part of the marijuana without getting the high and that's a lot of what chas is doing. >> incredible how quickly that worked. dr. sanjay gupta, thank you. this special getting a huge amount of buzz. "weed" sunday at 8 p.m. so how about some waffle tacos, a books of yodels or an exceptional hamburger. why those foods are making news next in "money time."

itabout the walmart time and welow price guarantee.ia got your list? let's go. yeah! look at that price! oh wow. that's amazing. my kids love those. it's so fast and easy in the morning for us. now all your back to school meals are covered. thank you. ok, ready? what?! that's the walmart low price guarantee backed by ad match. save time and money getting your kids ready for school. bring in receipts from your local stores and see for yourself. save more this back to school on quick and easy breakfast with low prices on kellogg's cereals, pop tarts and jif chocolate hazelnut spread with our low price guarantee backed by ad match. with new roc® multi correxion® 5 in 1 proven to hydrate dryness, illuminate dullness lift sagging diminish the look of dark spots and smooth the appearance of wrinkles high performance skincare™ only from roc®

from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, please? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every purchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your wallet? the ones that let you call for help. and i said, "that's not for me! that's for some old person!" but we finally talked my mom into calling adt. then, one day, i slipped and broke my hip. the pain was terrible, and i couldn't get to the phone. i needed an ambulance, so i pushed the button. it's okay, mrs. anderson. the paramedics are on their way. it was so good to hear adt at the other end. [ male announcer ] adt home health security services. with one touch of a button,

you can summon help from anywhere in your home and talk with adt's trained professionals, who can call for emergency assistance and even stay on the line until help arrives. 1 out of every 3 people over 65 will fall this year. adt helps you maintain your independence starting at just over $1 a day. call now to receive free activation and a free guide to living alone. i'm glad adt could call for help. so am i. [ male announcer ] protect your independence. call today for more information and ask about special discounts for aarp members. adt. always there. on friday some gun owners

celebrated starbucks appreciation day with a few extra shots and not in their cappuccinos. at starbucks locations across the country, gun owners showed off their weapons. they said they were honoring the company's policy to allow open carry at their stores in states where it was legal, including connecticut. some took their guns to a starbucks in newtown. a gun control group said it's too soon after the sandy hook shootings. give me 60 seconds on the clock, it's "money time." fast food meets science fiction. the first stem cell burger was cooked and eaten this week. it was made in a lab from a cow's muscle cells. if you're not ready for a stem cell burger, how about a waffle taco? taco bell is expanding its push into the lucrative fast food breakfast battle. diploma, debt, default. about half of the $1 trillion in

federal student loan debt is not being repaid. and 1 in 8 borrowers are defaulting on their loans. all that debt could explain why drivers are keeping their clunkers around longer. the average car in the u.s. is more than 11 years old. that's a new high, and it's expected to keep climbing. though not if gm can convince drivers to buy a new chevy volt. the company knocked the price down by $5,000. electric cars have been marked down across the board in an attempt to lure new buyers. and waistlines beware. ring dings and yodels are making a comeback next month. they disappeared off store shelves when hostess went out of business last november. coming up on a brand new "your money" at 2:00 p.m. eastern, fire sale in the newsroom. amazon.com founder and ceo jeff bezos is just the latest