He Spent $12 Million Buying His Own Film
Hughes became a successful filmmaker later in his life. Although his first film was a disaster, he went on to make financially and critically successful films. Several of his films were nominated for Academy Awards. 1956’s “The Conqueror,” however, was not one of them. It flopped, and feeling guilty about its lack of success, Hughes bought every single copy of the film, at a cost of $12 million.