Planet Money
Planet Money

Hollywood's Black List (Classic)

This episode originally ran in 2020. In 2005, Franklin Leonard was a junior executive at Leonardo DiCaprio's production company. A big part of his job was to find great scripts. The only thing — most of the 50,000-some scripts registered with the Writers Guild of America every year aren't

Featured Speakers

NPR ([email protected]) HostFranklin Leonard Guest

Topics Discussed

Episode Summary

Executive Summary: The episode tells how Franklin Leonard, a young Hollywood junior executive, created the Black List by crowdsourcing favorite unmade screenplays from other insiders, turning subjective script taste into a shared ranking system. The list became a powerful industry signal, helping surface acclaimed films and exposing how Hollywood overlooks talent outside its conventional networks.

Main Topics: Franklin Leonard's path into Hollywood (Priority: 5/5): Leonard's early obsession with movies and his difficult, intimidating interview with Leonardo DiCaprio set up the story of an outsider trying to break into the industry. Hollywood's information problem (Priority: 5/5): The episode argues that movie executives face an overwhelming volume of scripts and lack reliable ways to identify quality, leading them to rely on habit and convention. Creating the Black List (Priority: 5/5): Leonard solved the discovery problem by anonymously emailing junior executives for their favorite scripts, compiling responses into a spreadsheet that ranked the most admired unproduced screenplays. The list goes public and reshapes power (Priority: 4/5): Once the Black List circulated beyond its original circle, it gained industry credibility and showed that shared information could disrupt traditional Hollywood gatekeeping. Accurate taste and award-winning films (Priority: 5/5): The Black List proved influential when early listed scripts like Juno and Lars and the Real Girl turned into acclaimed films and Oscar winners, validating the method as a predictor of success. From insider tool to broader meritocracy platform (Priority: 4/5): Leonard expanded the Black List into a submission platform for writers worldwide, aiming to find overlooked talent beyond Los Angeles and reduce dependence on industry connections.

Key Arguments: Hollywood cannot reliably identify good scripts because the volume is huge and quality is highly subjective. Information in Hollywood is treated as power, but hoarding it leads to worse decisions and reinforces existing hierarchies. A simple aggregation of expert taste can outperform conventional gatekeeping and reveal scripts that executives would otherwise miss. Great screenplays materially improve a movie's chances of success, so they are economically valuable, not just artistically valuable. The industry's conventional preferences often favor white, connected, or familiar writers over equally talented outsiders. A broader, more open screening system can increase diversity by judging scripts more purely on merit. The Black List's success suggests that making quality visible earlier helps studios, writers, and audiences alike.

Data Points: Scripts/teleplays registered annually with WGA: 50,000 - Approximate number of writerly works registered each year, illustrating the scale of the script pile. Junior executives contacted in first Black List email: about 75 - Leonard BCCed peers and asked for their 10 favorite scripts. Responses to first request: around 90 - Number of replies Leonard received to the anonymous email. Top vote-getter in first Black List: 25 votes - Things We Lost in the Fire by Alan Loeb received the most mentions. Juno votes: 24 votes - Diablo Cody's Juno placed near the top of the first list. Lars and the Real Girl votes: 15 votes - The sex-doll dramedy was one of the most frequently recommended scripts. Second-tier votes in first list: 14 votes - Only Living Boy in New York and other scripts tied at this level in the top ten. Oscar impact: 60 Oscar wins from 280 nominations - Leonard cites total awards attributed to Black List scripts after being written. Industry success rate claim: about 90% more earnings - Harvard Business School study finding Black List-made films earned more than similar non-Black List films. Platform evaluations: over 150,000 screenplay evaluations - Leonard says the newer platform has amassed this many evaluations. Scripts seen on platform: roughly 75,000 scripts - Total number of scripts evaluated through the broader system. Movies picked up off website: at least 12 - Leonard says at least a dozen films have been developed from the platform. Academy Awards penetration: 4 of the last 12 Best Pictures; 10 of the last 24 screenwriting Oscars - Leonard's claim about Black List scripts becoming major award winners.

Pivotal Quotes: "the conventional wisdom that you assume is wisdom is more often than not convention" — Franklin Leonard: Leonard explains how Hollywood mistakes inherited norms for actual quality. "How is there not a better system for finding good screenplays?" — Franklin Leonard: The moment he realizes his own script-reading process is unsustainable and decides to build the Black List. "This is really good. You should make it. And if you don't, we will and you will regret it." — Narrator quoting Leonard's approach: Describes Leonard's current philosophy toward publicizing top scripts and motivating production.

Implications: The Black List shows that transparent, crowd-sourced taste can reveal overlooked talent, challenge Hollywood gatekeeping, and improve both diversity and economic outcomes by getting better scripts made sooner.

🔓 Sign Up for Unlimited Episode Search

About Planet Money

Wanna see a trick? Give us any topic and we can tie it back to the economy. At Planet Money, we explore the forces that shape our lives and bring you along for the ride. Don't just understand the economy – understand the world.Wanna go deeper? Subscribe to Planet Money+ and get sponsor-free episodes of Planet Money, The Indicator, and Planet Money Summer School. Plus access to bonus content. It's a new way to support the show you love. Learn more at plus.npr.org/planetmoney

View all episodes from Planet Money