Picks and Pans Review: Do-It-Yourself Movies

updated 05/30/1988 AT 01:00 AM EDT

originally published 05/30/1988 AT 01:00 AM EDT

Major studios willingly risk major money on inexperienced actors and filmmakers. Sure they do. About once a decade. Rowdy Herrington, writer-director of Jack's Back, and Tim Moore, the co-producer, were unwilling to wait. They chased down independent financing to make their first film. Frank LaLoggia, writer-director of Lady in White, went to his cousin Charles, a stock market analyst, who raised the $5 million to finance the film through a public stock offering. Two years ago, Aussie TV comic Paul Hogan tried an even more radical approach on "Crocodile" Dundee: He dipped into his own pocket for a lot of the cash. (Paramount later picked up the North American rights.) "I wrote the damn thing and I star in it," said Hogan. "If I'm not willing to put my money where my mouth is, I've got a hide asking other people." Hogan's gamble paid off; Croc grossed $175 million here, tops for a foreign film. Hogan is out to show he can do it again with a sequel, opening for the Memorial Day weekend in a record 2,506 theaters. These rebels all deserve high marks for nerve. Now let's see how their films fare:

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