This morning Spike Lee opened up his Brooklyn-based production company, 40 Acres and a Mule Filmworks, to select members of the press to make a big announcement. The Do The Right Thing director has decided to turn to the crowd funding website Kickstarter to raise $1.25 million to produce his next film.

During part 1 of his interview with theGrio’s Chris Witherspoon, Lee praised 26-year-old director Ryan Coogler for bringing the independent film Fruitvale Station to the big screen. Lee says that he “loved” the movie, but confessed that the film business is not set up for young directors like Coogler “Love it…. It’s great,” Lee said of Fruitvale Station. “But it’s something that I have been doing for 15 years — I teach film. That is my job to help young filmmakers to become professionals in this tough business, so I’m happy for him…I’m happy for any young filmmaker that gets their first feature film made, because Lord knows the odds are against you. This business is not set up for young people to succeed.”to succeed.

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