Post by kurtismae on Mar 16, 2010 17:37:24 GMT -5
The internet funding model for movies. “Crowdfunding”
Producers submit the project and individual investors – millions of them – decide whether to fund the project. The investor would own a portion of the movie proportionate to the % of her investment.
The site would act as the go between, with lawyers and production executives and such. The site would vet the producers, and oversee the project just like a real studio would. The site would take a small % to cover its costs and make a small profit so that it can keep doing the job, but would operate as a non-profit, with all moneys returning to the project.
The producers would be required to fund every element of pre-production themselves. No money from the group until actual filming starts. The “studio” would dole out funding as production goes on.
Obviously the synopsis and the screenplay would have to be very compelling to attract enough funding to get made.
What do you guys think? Could it work? The over-arching idea is that if an idea can generate broad interest from investors, it will be more likely to generate broad interest from movie goers.
Fascinating article (and even better thread) on 2009 Spec market:
www.deadline.com/2009/12/unofficial-2009-spec-market-scorecard/
Sample:
“If, out of fear based decision making, all the studios want to make are 100 million plus tent poles out of board games and plastic trolls, who will step in to finance good movies that can be made from two to ten million?”
Producers submit the project and individual investors – millions of them – decide whether to fund the project. The investor would own a portion of the movie proportionate to the % of her investment.
The site would act as the go between, with lawyers and production executives and such. The site would vet the producers, and oversee the project just like a real studio would. The site would take a small % to cover its costs and make a small profit so that it can keep doing the job, but would operate as a non-profit, with all moneys returning to the project.
The producers would be required to fund every element of pre-production themselves. No money from the group until actual filming starts. The “studio” would dole out funding as production goes on.
Obviously the synopsis and the screenplay would have to be very compelling to attract enough funding to get made.
What do you guys think? Could it work? The over-arching idea is that if an idea can generate broad interest from investors, it will be more likely to generate broad interest from movie goers.
Fascinating article (and even better thread) on 2009 Spec market:
www.deadline.com/2009/12/unofficial-2009-spec-market-scorecard/
Sample:
“If, out of fear based decision making, all the studios want to make are 100 million plus tent poles out of board games and plastic trolls, who will step in to finance good movies that can be made from two to ten million?”
