1 Updates
James Franco Joins List of Celebs Using Crowdfunding
Photo Credit: ABC News Radio

James Franco Joins List of Celebs Using Crowdfunding

Jun 19 2013, 6:46pm CDT | by

LEON NEAL/AFP/Getty Images(NEW YORK) -- It worked for Zach Braff and Veronica Mars creator Rob Thomas. Now James Franco has turned to crowdfunding to bankroll a trilogy of movies. Franco launched...

Filed under: news

Full Story below YouTube Videos

 
 

 

43 weeks ago

James Franco Joins List of Celebs Using Crowdfunding

Jun 19 2013, 6:46pm CDT | by

LEON NEAL/AFP/Getty Images(NEW YORK) -- It worked for Zach Braff and Veronica Mars creator Rob Thomas. Now James Franco has turned to crowdfunding to bankroll a trilogy of movies.

Franco launched his campaign on June 17 to raise $500,000 through Indiegogo, a crowdfunding alternative to Kickstarter. Unlike Braff and Thomas, Franco doesn't plan on directing the films. He's raising the money so that a group of young filmmakers from New York University, where he attended the film program, can adapt his 2011 short story collection, Palo Alto.

"Because of who I am, people often believe that it is easy to find investors and distributors for my films," Franco wrote on his campaign website. "Unfortunately, things aren't that easy. More times than not, I have put in my own money to produce my films and my student's films. However, this time it's different. We need more funding, I will still fund part of it but I need your help, filming three feature films back-to-back requires more funding than I can give."

Levels of contribution range from $10 for copies of the screenplays to $10,000, which earns you dinner with Franco and an executive producer credit. As of Wednesday afternoon, the campaign had taken in just shy of $50,000.

Crowdfunding started as a way for independent, mostly unknown artists to appeal directly to the public to fund their film, book, album and more, but now a growing number of established celebrities are turning to crowd-funding for their next projects.

That's got some people crying foul. John Trigonis writes on the website Daily Crowdsource that stars are "saturating the pool with their somewhat unfair advantage -- celebrity."

By far, the biggest success comes from the creator of Veronica Mars who raised a record $2 million in a single day for a big-screen version of the TV series. Then again, being a cast member of the critically acclaimed TV series Girls did not help Zosia Mamet reach her goal.

The 25-year-old daughter of playwright David Mamet sought $32,000 in donations through Kickstarter to fund a music video for her band with 17-year-old sister Clara, but managed to only rake in $2,783 after 14 days. Perhaps Mamet was feeling the backlash that has been building against the celebrity Kickstarter bandwagon. "It's possible that people are getting tired of rich, young celebs asking for money on the Internet," Jordyn Taylor of the New York Observer wrote.

Copyright 2013 ABC News Radio















Source: ABC News Radio

 

Don't miss ...

 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

Introducing Triplett Records
Triplett Records is headed by the industrious Leon Triplett, a man who is no stranger to the music industry. Mentored by legends like Curtis Mayfeild, Jerry Butler, Eddie Thomas and Carl Davis, he along with his brother Levi made up the successful duo called the Triplett Twins, well known for their song Get It.
 
 
Enterprises TV Airs in Waterloo, Dubuque and Cedar Rapids, IA in April
FOX KFXA-TV will air the first-rate cable television program Enterprises TV during the month of April.
 
 
Evox Television Teams with Climate Documentarian Don Downey to Present “Open Source: Films From the Anthropocene”
Documentarian Don Downey brings information-packed and inspiration-fueled environmental films to evox Television Networks.
 
 
Zero Cliff Media Partners with Toronto-Based Buck Productions
Zero Cliff Media (ZCM) has partnered with Toronto-based Buck Productions to develop and produce innovative television programming.
 
 
 

Latest from the Network

The Other Important Number In The President's Obamacare Briefing: 24
President Obama was triumphant on Thursday. After facing months of questions over whether the White House would hit its goal of 7 million Obamacare sign-ups, the president had the latest enrollment data in hand—and it...
Read more on Business Balla
 
It's Good to Be King: LeBron James Tops 2014 Top-Selling NBA Jerseys
We haven’t crowned a winner for the 2014 NBA Championship, but we know who the king is when it comes to jersey sales. For the sixth time, Miami Heat power-forward LeBron James tops the NBA most-popular jersey list based...
Read more on Business Balla
 
The L.A. Clipper Miracle... Next: Democracy Will Break Out in Russia?
The Lakers are dead as Moses. The Clippers, who finished 11 games ahead of them last season and 30 in this one, are No. 3 seeds in the NBA’s Western draw, meaning they’ll be favored to stay alive for the next three or...
Read more on Business Balla
 
12 Reasons Why New Zealand's Economic Bubble Will End In Disaster
New Zealand’s economy has been hailed as one of world’s top safe-haven economies in recent years after it emerged from Global Financial Crisis relatively unscathed. Unfortunately, my research has found that many of...
Read more on Business Balla
 
Britney Spears' dad wants her to stay single
Britney Spears' father reportedly doesn't want her to get married again. The 'Perfume' hitmaker, who broke of her engagement to her former agent, Jason Trawick, in January 2013, is desperate to tie the knot with her...
Read more on Celebrity Balla
 
The Singular Secret For A Leader's Success: Self-Awareness
The National Advisory Council of a prestigious west coast business school was asked what single quality they thought would be most valuable for their graduates to acquire as they graduated.  The answer was self-...
Read more on Business Balla
 
Toby Keith's I Love This Bar & Grill Hit With Tax Warrant
In 2003, country singer Toby Keith went all the way to #1 with his mega-hit, “I Love This Bar.” The incredible popularity of the song inspired a chain of restaurants called Toby Keith’s I Love This Bar & Grill with...
Read more on Business Balla
 
What If Doctors Could Finally Prescribe Behavior Change?
This guest article is by Sean Duffy, CEO and Co-Founder, Omada Health Three out of four Americans will die of a disease that could be avoided—if only they could re-route their unhealthy habits. A new category of...
Read more on Business Balla
 
Steve Jobs and Ezra Cornell: Entrepreneurs
More and more MBA students are choosing to major in entrepreneurship, rather than the traditional disciplines of finance and marketing. How has entrepreneurship changed over the past century-and-a-half? Or has it...
Read more on Business Balla
 
Private Equity's New Macro Challenges
For decades, private equity (PE) firms made money by focusing on the microeconomics of businesses and letting the macro conditions take care of themselves. While investors focused on industry dynamics and company...
Read more on Business Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla