There were two practical reasons we moved to Venice. One was that there was an artists movement and a countercultural movement. Lots of people we might want to hire lived in the area. We also wanted to buy in a lower rent area that looked like it was going to be gentrified so that we could eventually sell the studio for more money.

In order to create art today, you have to compromise your art somewhat and be a businessman.

When I started, every film got a full theatrical distribution. Today, almost no low budget films, maybe two or three a year, will get a full theatrical distribution. We've been frozen out of that, which means they must be aware that for a full theatrical distribution it either has to be something like Saw or some exploitation film of today or an extremely well made personal film.

There's always something that draws you away from the original script.

Maybe it's just a matter of getting older and being aware that the market for medium-budget and low-budget films, which is of course what I spent most of my life making, has diminished. And maybe the quantity of ideas has diminished a little bit.

A great director, first, is highly intelligent. And he is also a dedicated and willing to work hard. Now those are easy things to identify. The third is the creativity, and that is very difficult to identify in advance. This is why so many of the directors who have started with me were my assistant - the first one was Francis Ford Coppola.

Martin Scorsese was one of the few who had not been an assistant. Most of the guys had been an assistant and worked their way up. But I had seen an underground picture he had made in New York, a black-and-white film. I had done a picture for American International, about a Southern woman bandit, the Ma Barker story, and it was very successful, and I had left to start my own company, and they wanted me to make another one.