Fans will fund our next movie say film-makers
A British film company is hoping to revolutionise the way independent productions are made by appealing to the public to finance its next movie.Vertigo Films, which has built up a cult following with releases such as Human Traffic and The Business, based around aspects of youth culture, plans to raise the money to make its film Outlaw from fans of its earlier movies.
The innovative funding mechanism will be launched today through the company's website. It is thought to be the first time a British cinema release could be entirely funded by filmgoers.
Investors will not get a cut of film profits but in effect will buy a copy of the movie when it appears on DVD and receive an executive producer credit. They may also be offered other film merchandising and benefits. The packages will cost £10, £50 or £100, and will enrol contributors into a club allowing them to be involved in a film's production. They will get regular updates on the movie's progress, see videos of casting sessions, and have the chance to be an extra.
I think I would want more return for my investment. However the article states that More than 1.6 million fans had already signed up on the website to receive updates and three-quarters of them had bought the films on DVD.
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Posted by: Henry Peise | December 24, 2010 at 07:06 AM