Sundance: As ‘Dogfight’ Producer Richard Guay Floats New Crowd-Funding Model, It’s Time To Stop Using Kickstarter And ‘Wish I Was Here’ As A Punching Bag

Sundance2014_badge__140109214059__140116020608Just days after the domestic rights to the Zach Braff-directed and Kickstarter-funded Wish I Was Here sold for $2.75 million to Focus Features at the Sundance Film Festival, there’s a new crowd-funding plan making the rounds here in Park City. While his Passion First Funding isn’t up and running yet, Dogfight producer Richard Guay, who has been part of the New York indie scene for years, thinks he’s found a way that people can actually see some financial return for contributing to future projects like Braff’s movie. “It’s going to bring traditional financing and the power of the crowd together,” he told me page1image392today. The idea comes out of aspects of the 2012 Jumpstart Our Business Startups Act that permit general solicitation of accredited investors. The act was intended for startups in general, of which film is but a niche, but in this case people putting money in to a project seeking crowd-funding won’t just be getting a signed poster or set visit but they could actually make their money back as well as profits. (more…)

This article was printed from https://deadline.com/2014/01/sundance-film-festival-kickstarter-zach-braff-spike-lee-crowd-funding-668328/