» Posts Tagged ‘crowdinvesting’

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Beginning in the summer of 2010, filmmaker Gail Mooney and her daughter took a 99-day journey all over the world to create “a film about people who were making a positive difference.” Opening Our Eyes was the result. The partially Kickstarter-funded film follows eleven subjects across six continents, and went on to achieve accolades such as Best Documentary at the 2012 Orlando Film Festival. Considering the scope and scale of the project, and the budget at which it was accomplished, Opening Our Eyes is a startling achievement — and, through an upcoming B&H seminar with Mooney herself, other filmmakers can learn exactly how it was accomplished. More »

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Earlier this year there was a back and forth between the U.S. House and Senate regarding a bill called the JOBS act, which among other economy-stimulating provisions, included a specific section that addressed a type of crowdsourcing that is referred to in many circles as crowdinvesting. The JOBS act ultimately passed, and the crowdinvesting provision stayed. Basically, it allows any person to invest a certain amount of money into a film and then receive equity without having to go through the SEC or be a qualified investor. This type of investing has already existed in the rest of the world, and one of the most successful examples is with the film Iron Sky. Many were hopeful that Kickstarter, with its large infrastructure for anything crowdsource-related, would help facilitate crowdinvesting. Unfortunately, that doesn’t look to be the case. More »

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While those numbers to the left are from Kickstarter donations, one day they could be Kickstarter investment funds. Earlier we reported that the House had passed the JOBS Act, but the Senate wanted some changes to help protect individuals from fraud. The Senate passed their version, and just today the House followed suit and passed the bill. All that’s left is a signature from President Obama (which is coming), and American independent film financing will never be the same. More »

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There have been hundreds, if not thousands of films that have been crowdfunded and have appeared at film festivals – but only films overseas (because of U.S. laws) have been crowdinvested. If you haven’t seen the term before, or if you’ve never heard of the film, you should check out our previous coverage of the space Nazi film ‘Iron Sky.’ The film raised almost a million Euros from crowd investment, and 300,000 Euros in traditional crowdfunding money. The largest sum of money came from outside financing, which totaled 6.3 million Euros. The film recently showed at Berlin and SXSW, and it hasn’t been released yet, but you can watch the opening scene now. More »