In terms of getting it completed, that's true. Spike soliciting assistance from prominent Black names was a smart move and those Black folks were all noble in providing those donations. But it's only part of the story and it's not what Tariq does.
"Spike Lee also encountered difficulty in securing a sufficient budget. Lee told Warner Bros. and the bond company that a budget of over US$30 million was necessary; the studio disagreed and offered a lower amount. Following advice from fellow director Francis Ford Coppola, Lee got "the movie company pregnant": taking the movie far enough along into actual production to attempt to force the studio to increase the budget.
[10] The film, initially budgeted at $28 million, climbed to nearly $33 million.
Lee contributed $2 million of his own $3 million salary. Completion Bond Company, which assumed financial control in January 1992, refused to approve any more expenditures; in addition, the studio and bond company instructed Lee that the film could be no longer than two hours, fifteen minutes in length.
[12] The resulting conflict caused the project to be shut down in post production.
[10]
The film was saved by the financial intervention of prominent black Americans, some of whom appear in the film: Bill Cosby, Oprah Winfrey, Michael Jackson, Magic Johnson, Janet Jackson, Prince, Tracy Jackson, and Peggy Cooper Cafritz, founder of the Duke Ellington School of the Arts. Their contributions were made as donations; as Lee noted: "
This is not a loan. They are not investing in the film. These are black folks with some money who came to the rescue of the movie. As a result, this film will be my version. Not the bond company's version, not Warner Brothers'. I will do the film the way it ought to be, and it will be over three hours."
[12] The actions of such prominent members of the African American community giving their money helped finish the project as Lee envisioned it.
[9][10]"
