Wednesday, 8 May 2013

Is Crowdfunding The Future Of Film?

Crowdfunding seems to be getting more and more popular each day but is the the future of film?

For those of you who may not be familiar with this concept let me explain it to you:

Crowdfunding is the collective effort of individuals who network and pool their money, usually via the Internet, to support efforts initiated by other people or organizations. Crowdfunding is used in support of a wide variety of activities but mainly known for the support of artists by fans and motion picture promotion and funding.

Kickstarter, Indiegogo, RocketHub, GoFundMe, Crowdfunder, just a few of the many crowdfunding sites that are available for anyone to use. If you're a regular user of social network sites then you've more than likely seen one of these links in your news feed, especially if you are friends or follow someone in the scene.

There have been some great success stories to come out of using this venture, so much so in-fact that even well known celebrities are even using it to make their own films without having to beg studios to make them.

Unfortunately there is a downside to crowdfunding, you may not reach your total needed to make your film, you might not even get a penny towards it. The use of this medium has become so popular that many ideas get overlooked and lost in the swamp of them all, unless you have a known name attached to it or have it shared by a known name then this is more than likely to happen.

There's also been cases of scamming and idea theft, both very serious cases but also not surprising in the least. Wherever there is money to be made there will be people wanting to snatch it away from you.

Fortunately there are many advantages for the use of these sites, you are usually offered fantastic deals for your contribution from things such as a t-shirt to appearing in the film itself, this ofcourse depends on how much you donate. 

It can also help kick your career into gear, a career you may never have had the chance to puruse. Also it can generate essential feedback from your audience and investors. Mainly though it can make your dream come true.

In my opinion crowdfunding is a great resource, especially for the independent scene, is it the future of film? Well I think it has it's place and can only get better.

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