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The new limited-release film “Precious” owes its existence to an unusual pair. Sarah Siegel-Magness and Gary Magness are no strangers to business success, but not in the film industry. Their unlikely partnership with film producer Lee Daniels is rocking movie-making status quo and providing capital for a script that had been shunned by Hollywood.


  1. Why are Sarah Siegel-Magness and Gary Magness described as “angels?”
  2. As you read about the production of “Precious,” Ms. Siegel-Magness’ involvement suggests a different form of ownership (from her angel role). What form best fits and why?
  3. Discuss the Daniels-Magness relationship in terms of diversity and entrepreneurship issues.

SOURCE: L. A. E. Schuker, “Novice Film ‘Angels’ Took a Leap of Faith With ‘Precious,’” Wall Street Journal (Retrievable online at

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