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Friday, February 7, 2014

Crowdfunding

How Did the 2014 Sundance Film Festival Filmmakers Crowdfund (If At All?)


Just a few years ago, it was nearly unheard of for filmmakers to seek funding on crowdfunding platforms such as Kickstarter (of course, Kickstarter didn't even exist until 2009) -- and even more unusual for those projects to screen at film festivals. Now, according to Kickstarter, 20 Kickstarter-funded projects -- from narrative features to docs to shorts and more -- screened at the 2014 Sundance Film Festival, representing over 10% of the festival slate (for the third straight year). Of course, some films used crowdfunding for finishing funds while others used the platforms to raise the entire budget -- and projects' goals varied dramatically. For instance, "Cesar's Last Fast" raised $22,000 on Kickstarter (surpassing its $21,000 goal), while Zach Braff's well publicized (and criticized) campaign for "Wish I Was Here" raised more than $3 million ($1 million over its goal).
And while Kickstarter eclipses IndieGogo in numbers, some of the most lauded films at the festival, including "Dear White People" and "Life Itself," used IndieGogo to raise funds. Meanwhile, now that IndieGogo raised $40 million in financing, it's likely they'll be giving Kickstarter a run for their (crowdfunding) money at next year's festival.

Want to read more and see a list of films which used crowdfunding and played at Sundance, read the full article at Indiewire: