The "Renfield" actor said he "over-invested in real estate" after the market crashed, which resulted in the hefty debts he owed the IRS and creditors.
Nicolas Cage says he took some "crummy" movie roles to get out of debt after some poor business decisions.
In a 60 Minutes interview with Nicolas Cage, the actor explained why he took on so many straight to video-on-demand (VOD) film roles, per CBS News.
Nicolas Cage's latest Shaman-like acting feat, this one is called โRenfield,โ was released in theaters a few weeks ago.