Zach Braff's Kickstarter Film Lands Full Financing

:beatdeadhorse:

Yeah Braff was all pissy at Morgan Freeman, but he was right. Kickstarter is for people who can't get financing, not for those that can get it, but want complete project control.

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I dont see the problem

People can spend money how they see fit. If you think the movie is just pocketing that money, then dont donate

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but for the bigger projects kickstarter only serves as a portion of the budget.

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I would have had no issues had he made this clear from the start but instead his whole story was originally about wanting no outside financing so he could have full control including the final cut. Seems like BS now.

I agree some more security needs to be added for the donators sake if thats what your point is

I still think its more good than bad

Meh. I don't have an issue with it. If you don't want to donate don't donate.

I agree 100% with everything you posted. Braff's kick starter really annoyed me when I first saw it

Kevin Smith gets it

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Writer-director Kevin Smith won't use Kickstarter to get his long-gestating Clerks III project off the ground.

The filmmaker, who has recently completed his first draft of the movie's 137(!) page screenplay, took to Reddit recently to explain why he changed his original stance on crowd-sourcing funds for the movie.

"We nearly Kickstarted the budget back in November," explained Smith. "But now I'm feeling like that's not fair to real indie filmmakers who need the help. Unlike back when I made CLERKS in '91, I've GOT access to money now - so I should use that money and not suck any loot out of the crowd-funding marketplace that might otherwise go to some first-timer who can really use it."

Smith will instead fund the movie himself, explaining that the crowd-funding model should be left to "the next generation of artists."
Nicely put, Mr. Smith.

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Zach Braff sucks

You're all acting as if Braff had the ability to garner financing prior to the Kickstarter fund.

The Kickstarter fund is, among other things, a way to show potential investors that your movie idea has a market, that people are interested. Without the Kickstarter fund, Braff very well may not have been able to get any financial backing other than his own money.

And it's not like he got a ton of money from Worldview. The project is only estimated to have a budget of $10M at the high end. We also know that Worldview didn't even finance the difference between the money raised on Kickstarter and the final budget number because the film is also financed through foreign presales by Wild Bunch.

For all we know, Braff is using the $2.6M from Kickstarter, $2M of his own money, $2M from Worldview and $2M from Wild Bunch. That's $8.6M, which falls within the budget. Or really it could be any combination like that. Maybe Braff is investing $4M of his own money. Who knows?

I could see it being a problem if he got it started on KickStarter, raised $2.6M, then went to Warner Bros and said, "See?? I told you there's a market!" and Warner Bros gave him $100M. But this is different. At least 25% of the funding is coming from crowd-funding. I just don't see the issue.