Even people in Hollywood who have “made it” know that financing content for movies or television is tough.
That’s why web portal Rivit.tv is interesting. The site lets fans watch a television pilot for free, then crowdfunds the rest of the season.
Fans get to bid on how much they want to pay per episode between $1.99 to $5.99.
“The higher the price point chosen, the fewer the amount of people who are needed to greenlight the season. More people participating lowers the price and everyone is charged the same lowest price. The season is greenlit at the end of the 45-day timeframe, or when the price-per-episode reaches $1.99. Only then are credit cards charged. There is no charge if the season is not greenlit. Episodes of the new season will begin releasing weekly, approximately 75-90 days after the end of the pricing period.”
It’s kind of like a Dutch auction and great for content creators.