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Success Quote by David Geffen

"Broke is a Hollywood term!"

About this Quote

“Broke” lands here as less a bank balance than a brand posture, a piece of insider slang that exposes how wealth in entertainment is as performative as the movies themselves. David Geffen isn’t describing poverty; he’s diagnosing a culture where money is relative, elastic, and—crucially—narratable. In Hollywood, “broke” often means “temporarily illiquid,” “between deals,” or “not currently in the right rooms.” It’s a word that lets the ultra-rich cosplay struggle without surrendering status.

The line works because it’s both dismissive and revealing. Dismissive, because it treats financial precarity as a misunderstanding outsiders make—something that simply doesn’t map onto the industry’s reality. Revealing, because it admits the system runs on future promises: back-end points, paper valuations, leverage, and the soft power of being attached to the next thing. If your wealth is tied up in equity and relationships, you can be “broke” while still flying private, still getting calls returned, still extracting favors.

Geffen’s authority gives the quip its bite. As a famously shrewd power broker, he’s not selling empathy; he’s puncturing Hollywood’s self-mythology. The subtext is an indictment of a milieu where even the language of hardship gets remodeled into a status marker. It’s also a warning: in an industry obsessed with optics, “broke” can be a strategic claim—lower expectations, raise urgency, justify aggressive negotiation—while the real safety net remains invisible, off-camera, and very much intact.

Quote Details

TopicWealth
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Citation Formats

APA Style (7th ed.)
Geffen, David. (2026, January 15). Broke is a Hollywood term! FixQuotes. https://fixquotes.com/quotes/broke-is-a-hollywood-term-141032/

Chicago Style
Geffen, David. "Broke is a Hollywood term!" FixQuotes. January 15, 2026. https://fixquotes.com/quotes/broke-is-a-hollywood-term-141032/.

MLA Style (9th ed.)
"Broke is a Hollywood term!" FixQuotes, 15 Jan. 2026, https://fixquotes.com/quotes/broke-is-a-hollywood-term-141032/. Accessed 12 Feb. 2026.

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David Geffen

David Geffen (born February 21, 1943) is a Businessman from USA.

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