Wednesday, May 20, 2026

Katie Holmes Trades One Cult for Another in Ray Dalio-Backed Spike Lee Film

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Has Katie Holmes traded one cult for another? A year away from Scientology and she’s making a movie — filming but officially unannounced– directed by and financed by people who are devoted donors to Transcendental Meditation. And not only that, there’s a connection to sometime Scientologist Jennifer Lopez.

Everyone’s going to yell at me for calling Transcendental Meditation a cult. But it’s masses of people chanting, backed by millions and millions of dollars. And now Katie Holmes is starring in a film financed by the most ardent financier of TM, Ray Dalio, of Bridgewater Associates. His son Paul is directing the film. I’ve written about “Mania Days” before–Spike Lee is executive producer, for unknown reasons. And now Katie is in the film although no announcement that I know of has ever been made. She’s playing a depressed poet who hooks up with a depressed rapper.

“Mania Days” is an indie film, I guess, if you don’t count the director’s father running a hedge fund that invests hundreds of billions of dollars. Ray Dalio is also a big supporter of Jennifer Lopez’s 501 c 3 formerly called the Maribel Foundation but now known as the Lopez Family Foundation. Dalio’s given them $775,000 in the last three years. He’s been her major donor. Lopez is connected to Scientology through her father and through Tom Cruise. Katie was married to Tom Cruise. Is there a connection? Hmmmm….

http://www.showbiz411.com/2012/03/20/spike-lee-producing-movie-by-hedge-fund-manager-ray-dalios-son

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Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman is the founder and editor-in-chief of Showbiz411. He wrote the FOX411 column on FoxNews.com from 1999 to 2009 and previously edited Fame magazine and wrote the "Intelligencer" column at New York magazine. His bylines have appeared in The New York Times, The Washington Post, the New York Daily News, the New York Post, Vogue, Details, and the Miami Herald. He is a voting member of the Critics Choice Awards (Film and Television branches), and his movie reviews are tracked by Rotten Tomatoes. is articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. With D.A. Pennebaker and Chris Hegedus, he co-produced the 2002 documentary "Only the Strong Survive," which screened at Directors' Fortnight at the Cannes Film Festival.

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