We are gathering comments on a film fund that we may be organizing to fund the production costs of Indie Films. It's going to consist of a combination of; crowd-funding, tax credits, product placements and mini-equity contributions from the filmmakers themselves. For example suppose that in a given year, 5000, (world-wide) indie filmmakers contributed $1K each into a fund. The fund's Board would chose 20 feature films from the projects submitted by the contributors and commit ( a maximum) $210K to each. Each candidate must submit a screenplay and a business plan.
The Fund would own a controlling interest in the film. The bulk of the remaining funds would be used to cover the organizational expenses and operate the fund. A portion of those funds would be used to arrange crowd-funding campaigns for the selected films. Filmmakers who contribute would not only be eligible to have their films selected to be financed but would retain a 49% interest in their film and also share in any profits that might be realized from the marketing of all the films. If a filmmaker contributes for five years in a row without having a project selected for funding her next entry would be put into a preferred category. At most, an Indie filmmaker would be able to realize the dream of making a film with a respectable budget; at the worst an indie filmmaker would end up with an equity interest in a portfolio of movies. We need your input. Would you be willing to participate in a program like this? At this time there is no Fund. This is not an offering of any kind. This thread is designed to measure the appeal of such a Fund to Indie filmmakers to help us determine if its feasible to launch.
The Fund would own a controlling interest in the film. The bulk of the remaining funds would be used to cover the organizational expenses and operate the fund. A portion of those funds would be used to arrange crowd-funding campaigns for the selected films. Filmmakers who contribute would not only be eligible to have their films selected to be financed but would retain a 49% interest in their film and also share in any profits that might be realized from the marketing of all the films. If a filmmaker contributes for five years in a row without having a project selected for funding her next entry would be put into a preferred category. At most, an Indie filmmaker would be able to realize the dream of making a film with a respectable budget; at the worst an indie filmmaker would end up with an equity interest in a portfolio of movies. We need your input. Would you be willing to participate in a program like this? At this time there is no Fund. This is not an offering of any kind. This thread is designed to measure the appeal of such a Fund to Indie filmmakers to help us determine if its feasible to launch.