Screenwriter Eszterhas' first produced screenplay was F.I.S.T., directed by Norman Jewison. Eszterhas contributed to the script of 1983's Flashdance, and wrote the screenplays for Jagged Edge and Betrayed. In 1989, Eszterhas planned to leave Creative Artists Agency because an old friend was restarting his agency. Michael Ovitz, then the chairman of CAA, threatened to prevent CAA actors from acting in Eszterhas' future projects. Eszterhas penned a letter to Ovitz blasting him for his tactics. Copies of the letter were circulated around Hollywood and the missive was credited with loosening the stranglehold of power that CAA had on the entertainment industry. A spec script Eszterhas wrote originally titled Love Hurts became the subject of a bidding war amongst various production companies in Hollywood, eventually selling for a then-record $3 million in 1990. The project eventually materialized into Basic Instinct, directed by Dutch filmmaker Paul Verhoeven. Released in 1992 to more than $400 million at the box office, Basic Instinct and its success led to Eszterhas becoming one of the most sought-after screenwriters at the time. The following year, Eszterhas re-teamed with Basic Instinct star Sharon Stone for the film Sliver. Sliver did not replicate the box-office success of the former and was critically derided. Eszterhas next wrote the screenplay for Showgirls, his second collaboration with director Verhoeven. Showgirls, which debuted in 1995, was seen as a critical and financial disaster, winning the year's Golden Raspberry Award for "Worst Screenplay". Despite the negative press, the film enjoyed cult success in the home video market, generating more than $100 million from video rentals and becoming one of MGM's top twenty all-time bestsellers. Jade, whose script Eszterhas sold in the wake of Basic Instinct's success, was released three weeks later to low grosses and negative reviews. The one-two punch of back-to-back box-office bombs in the same year saw Eszterhas' reputation as the highest-paid screenwriter take a hit. In 1997, Eszterhas produced two films, both of which he wrote: Telling Lies in America and An Alan Smithee Film: Burn Hollywood Burn. Burn Hollywood Burn, which is about a director named Alan Smithee who films a big-budget bomb and then tries to destroy it, flopped at the box office. It won several Golden Raspberry Awards, four of them awarded to Eszterhas himself: Worst Picture (Eszterhas was the film's uncredited producer), Worst Screenplay, and both Worst New Star and Worst Supporting Actor for a brief on-screen cameo.