Jeff Steele from Film Closings:
Rather than trying to use tribe/crowd financing for the entire film, I am interested in finding out if any of the crowds, micros, tribes, socials, and hybrids in the alternative financing space (such as Biracy, IndieGoGo, Investedin, Kickstarter, Trampoline, Rockethub and Massify) can provide funding for 20-25% of the project’s budget. If so, I could wrap a finance structure around that.
That definitely sounds promising. It seems crowd financing probably won’t get you a million bucks, or even $1000 if your idea isn’t popular enough with the crowds. But if you have a bigger plan which makes use of these sites to get just a small percentage of your financing, maybe that has a chance at real success?
Some of the hottest emerging new ways for financing films is companies like IndieGoGo and Kickstarter. They mainly use social media to get just about anyone interested in funding their film projects.
Jeff Steele from Film Closings has this to say about how powerful companies like these have in the ever changing landscape of filmmaking.
The companies on this panel – IndieGoGo, Audience Productions, and Sokap – collectively represent (for the first time) an end-to-end crowd-based solution that can allow independent filmmakers to circumvent the Hollywood financing and distribution bottlenecks. With strong assists from Apple, Canon and Red Cameras, the Development, Finance, Production and Distribution of independent films… have now been democratized. The proverbial foot is in the door.
Is this true? How successful have filmmakers been in getting their projects funded in this way? Next up, I’ll look into these existing sites and see what they each offer and how successful their users are.
This blog will focus on what’s happening right now in the world of film financing, production and distribution. Mainly, it will be an online journal of what I find as I search for the best ways for my film production company to produce, distribute and share our cinematic stories with the world. My main task is to get as close to what the future filmmaker’s process will be in the near future.
I hope you’ll learn as much as I will in my research, and I invite anyone who is interested to join the conversation with me!
