Movie Crowdfunder Profits From First Dollar

Filmmakers can now go from pre-production to distribution and make a profit from the first dollar if they follow the Hal Hartley business model.

The indie auteur crowdfunded his most recent picture “Ned Rifle” that was shown at the Toronto Film Festival but failed to find a distributor.

Hartley then turned to Vimeo on Demand that has an exclusive 60 day window and will split proceeds 90% to Hartley and keep 10% Thereafter, the film can be put up on download sites like iTunes and Google Play where the split is more like 70% Hartley / 30% to the site.

 

Since Hartley paid nothing out of pocket to produce or distribute the film (probably were some publicity payments, travel, etc.), virtually (no  pun intended) every dollar from the digital distribution he received is net income.

http://www.indiewire.com/article/who-needs-theatrical-why-hal-hartley-is-distributing-ned-rifle-via-vimeo-on-demand-20141212?utm_source=iwDaily_newsletter&utm_medium=sailthru_newsletter

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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