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Crowdfunding draws crowds

8 January 2011

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Crowdfunding draws crowds

Allison Anders has always been a low-budget filmmaker, but on projects like “Gas Food Lodging” and “Four Rooms” she was at least working in the low seven figures.

For her next project, “Strutter,” the helmer needed a mere $17,500 to make the microbudget digital feature, so she turned to crowdfunding website Kickstarter, where a six-week campaign netted her and partner Kurt Voss about $20,000.

Kickstarter, IndieGoGo and RocketHub are some of the higher-profile websites creatives are turning to solicit small individual donations from the public in the hope that contributions will add up to significant coin.

According to Kickstarter, the 18-month-old site has raised almost $30 million from 300,000 contributors, with more than 1,500 successful film projects tapping a total of more than $10 million. Some 300 theater projects have drummed up more than $1 million overall.

Read the full story here >>

via Variety

Singaporean filmmakers Sanif Olek and Leon Cho are currently doing crowd-sourcing for their films.

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