Crowd Funding

Crowd Funding-
Introduction to film budgeting:
- Budgeting creates plan to pull off move (creative tool)
- Before budget,know the script,characters,location in story 
- How much things cost to organise and know how much you need to spend 
- Call locations to set up filming 
-Flexible with budget (no endless pit- have back up money 
- Consider post production (editing)
- Food for cast 
- Comprimise and balance (each department is important)

Crowdfunding
Asking random people to give you money to create a product 
Crowdfunding websites - state product and ask for funding (gifts/credit in return) 

Crowdfunding experiment 1:
https://www.youtube.com/watch?v=_g65fFGO0p4

1. What is the film called?

Unsound

2. What was the Kickstarter project for?

Film called unsound - £15000 for pre production 

3. How long did they spend developing the concept?

3 weeks 

4. How many days do the most successful campaigns run 

for?

30 days long 

5. What figure did they decide on?

Raise money on kickstart 

6. How did they promote the project?

Wrote pitch and recorded , twitter, Facebook, private messages people he knew, put in crowdfunding pages on Facebook  

7. What is the pyramid marketing structure?

1% creators , 9%  commenters,90%  lurkers 

Crowdfunding experiment 2:

https://www.kickstarter.com/projects/vincentregan/enemy-of-man-feature-film/description

1.How much money were they asking for?

$250,000 

2.How much did they get?

$255,564

3.How many backers were there?

2,712

4.Who is the director and why is this important?

Directed by Vincent Regan who also acted in the film, he is a veteran of the Royal Shakespeare and National theaters and has directed and acted in Macbeth on the London stage.

5.How else is the project being funded?

Through social media sharing 

6.What was the funding for?

Money go towards taking the film into pre-production to help create the concept art,storyboards,out locations and begin work on costumes sets. Money over target go into production budget.

7.Why do you think this was successful in gaining funding?

Well established actor, biggest writer recreated (shakespeare). 

8.What has happened since it was funded?

New producers on board and the budget has been drastically reduced as it became unfeasible to continue at the same finance level after Michael Fassbender's Macbeth was released. 

Didn't have enough funds to distribute the film so didn't end up being shown to public.