Summary
Small movies and short films have used crowdsourcing methods to become funded in the past, but no-one’s yet used the increasingly-popular process to fund a full-length feature.
Description
One potential bump in the road is the the scale of the whole thing.Like 'The Imaginarium of Doctor Parnassus' ,for example;that film was relatively “low budget” by movie standards,but it still cost $30 million to produce, three times the record amount a Kickstarter has ever raised,to put it in some kind of context.
There are other concerns, too.What if the movie went over budget? Would there have to be an additional amount raised in the initial crowdfunding to cover that?
Also: If the movie made profit–and, surely, everyone would want it to be successful– then who would see those profits?
Thanks for an interesting article; I think that fully crowdfunding a theatrical film with budget exceeding 10 million will be extremely difficult now and in the future, but not entirely impossible. But there are different kind of money to be attracted to a feature film financing, some of the money is more restrictive, some less, and some money is easier to obtain, some much harder. We did a full-on feature-length, theatrically released film Iron Sky with the budget of 10 million dollars, and crowdfunded about 1,5 million of it via our community, via investments and crowd financing, and at this moment what I would suggest to mr. Gilliam and other filmmakers suffering from the complexity of the money issue is to crowdfund the film partially, trying to avoid the most restrictive and complicated sources of money and filling the gap with crowd funding, thus retaining more control on the film; Instead of crowdfunding full 30 million one could crowdfinance 5 or 10 million, still a substantial part of the budget, and make it easier to get money in motion from other sources, and still being able to gamble a bit and not do quick, bad decisions when in dire need for money. You can find out more about how we crowdfinanced our film at www.ironsky.net/
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Posted by Tonya Van Dijk
Thanks for an interesting article; I think that fully crowdfunding a theatrical film with budget exceeding 10 million will be extremely difficult now and in the future, but not entirely impossible. But there are different kind of money to be attracted to a feature film financing, some of the money is more restrictive, some less, and some money is easier to obtain, some much harder. We did a full-on feature-length, theatrically released film Iron Sky with the budget of 10 million dollars, and crowdfunded about 1,5 million of it via our community, via investments and crowd financing, and at this moment what I would suggest to mr. Gilliam and other filmmakers suffering from the complexity of the money issue is to crowdfund the film partially, trying to avoid the most restrictive and complicated sources of money and filling the gap with crowd funding, thus retaining more control on the film; Instead of crowdfunding full 30 million one could crowdfinance 5 or 10 million, still a substantial part of the budget, and make it easier to get money in motion from other sources, and still being able to gamble a bit and not do quick, bad decisions when in dire need for money. You can find out more about how we crowdfinanced our film at www.ironsky.net/