Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

1/26/2014 (1 year ago)

Catholic Online (www.catholic.org)

Independent films get start with many donations, via Kickstarter

You have an artistic project that you've always wanted to make, but it's going to take money? Your play, movie, CD or book project will need the funds that you don't have. What to do? Get a loan? Look for a benefactor? How about . asking hundreds, thousands of people on the Internet to chip in, starting at $20 a pop? It's becoming more popular these days - dubbed "crowdfunding," many new and interesting things are being financed through sites such as Kickstarter.

Crowdfunding sites usually reward donors with a sense of self-satisfaction, while the Web sites take around a five percent cut.

Crowdfunding sites usually reward donors with a sense of self-satisfaction, while the Web sites take around a five percent cut.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

1/26/2014 (1 year ago)

Published in Business & Economics

Keywords: Crowdfunding, Kickstarter, indiegogo, funding, projects


LOS ANGELES, CA (Catholic Online) - Zach Braff, the director of the hit indie comedy "Garden State," has turned to the Kickstarter site to fund his new project. Braff is asking for $3.1 million for his new film "Wish I Was Here."

In a related story, the Jamaican bobsled team raised more than $180,000 in donations, including $54,000 from Indiegogo, another crowdfunding site.

A beautiful gift for the newborn -- go here --

What are supposed major talents doing asking for money from those outside of their fields? 

Crowdfunding sites usually reward donors with a sense of self-satisfaction, while the Web sites take around a five percent cut. In spite of being little more than asking for handouts - albeit virtually, and online - people are responding positively to such fundraisers.

"Crowdfunding is growing very rapidly," Ethan Mollick, an assistant professor of management at the Wharton School at the University of Pennsylvania, says. The amount spent on crowdfunding projects exploded by 81 percent from the year before to $2.7 billion in 2012. The total for 2013 is expected to be around $5.1 billion, with no end to the growth in sight.

While Kickstarter is by far the industry leader in crowdfunding sites, followed by Indiegogo, there are plenty of niche sites out there as well, such as appbackr for apps, crowdrise for charities and even offbeater for "adult" projects.

It must be noted that most projects don't reach their fundraising goals. Kickstarter currently lists 55,370 successfully funded projects, compared to 71,664 that didn't make it. The catch: If the sites fail to reach their funding goals -- donors don't have to pay up.

However -- when projects DO succeed and backers don't get their rewards, the winter of our discontent begins. Overall, 75 percent of fundraisers are late delivering rewards, although the ones that fail to deliver altogether is less than one percent, mostly because the crowd ends up policing projects that look fishy.

Many see this as their way of supporting the arts. "It's not an investment. I'm supporting a creative endeavor," Michelle Jones from Louisville, Kentucky says. "If you are a Kickstarter supporter, and you view it as an investment, then you are probably going to be disappointed."

Pope Francis calls for your 'prayer and action'...

---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for May 2015
Universal:
That, rejecting the culture of indifference, we may care for our neighbours who suffer, especially the sick and the poor.
Evangelization: That Mary's intercession may help Christians in secularized cultures be ready to proclaim Jesus.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Business & Economics

Aging global population threatens to send world debt OUT OF CONTROL, Goldman Sachs warns Watch

Image of Part and parcel of Japan's economic crisis is the rise of male

By Catholic Online (NEWS CONSORTIUM)

The global economy is going to need a new business model - and fast. According to international financial adviser Goldman Sachs, the world's growing aging population - coupled with the reduction of young workers, the world is drowning in debt that it will be ... continue reading


Los Angeles boosts minimum wage to $15.34 an hour, largest U.S. city to do so Watch

Image of Significantly, the bill in its current form includes tipped workers. This means that tips would not count towards the proposed minimum-wage base pay of $15.

By Catholic Online (NEWS CONSORTIUM)

The minimum wage for the city of Los Angeles will be $15.34 by the year 2020 - until then, wages will increase incrementally each year. The vote is being hailed as "the most significant victory so far" in the push to increase the minimum wage nationally. LOS ... continue reading


Another attack on 'In God We Trust': Atheists take a stab at U.S. currency motto Watch

Image of The United States currency's motto is 'In God We Trust.'

By Atarah Haely (NEWS CONSORTIUM)

After a series of unsuccessful legal battles against the religious quote on U.S. currency, a popular atheist activist claims to have found a new and more effective way attack the country's beloved "In God We Trust." MUNTINLUPA, PHILIPPINES (Catholic Online) - Michael ... continue reading


Verizon to buy AOL in $4.4 billion deal Watch

Image of Verizon says the deal will shore up its wireless and over-the-top or OTT video strategies.

By Catholic Online (NEWS CONSORTIUM)

In a deal valued at approximately $4.4 billion, telecoms giant Verizon will acquire digital conglomerate American Online, or AOL. Verizon announced this week it would acquire digital conglomerate AOL, intended to bolster the telecommunications giant's efforts ... continue reading


Five American tech companies have $430 BILLION in which to play Watch

Image of While other companies cry

By Catholic Online (NEWS CONSORTIUM)

While other companies cry "poor mouth" or say they have little at their disposal, at least five American tech companies are sitting on an overwhelming $430 BILLION in cash. There should be no surprise that Apple leads the list by a wide margin. LOS ANGELES, CA ... continue reading


New York Times reports substantial loss in spite of digital growth Watch

Image of There has been a move to make the newspaper more attractive to readers. The newspaper's cooking product, a hub for recipes and food-related content, has been free since its introduction.

By Catholic Online (NEWS CONSORTIUM)

In just one of growing death knells of the daily print newspaper, the iconic New York Times reported a hefty $15 million loss for the first quarter of 2015. Digital subscriptions continue to show solid growth. Digital advertising grew at a double-digit pace. ... continue reading


Shakeup at Walt Disney Parks -- information technology employees replaced by non-immigrant workers Watch

Image of Both Disneyland and Walt Disney World certainly were not the happiest places on Earth for many employees at the beginning of this year.

By Catholic Online (NEWS CONSORTIUM)

Both Disneyland and Walt Disney World certainly were not the happiest places on Earth for many employees at the beginning of this year. Multiple layoffs went around to many several information technology employees and were told their final day would be January ... continue reading


Apple can't seem to spend money fast enough as profits soar and cash reaches a staggering $194 billion Watch

Image of At Apple - the company can't seem to spend money fast enough.

By Catholic Online (NEWS CONSORTIUM)

Digital gadget maker Apple has ended the first calendar quarter with $33 billion in cash and short-term investments and $160.4 billion in long-term investments. Apple currently has $194 billion in cash and investments, more than any other non-financial company ... continue reading


Meet the billionaires who pledged to give up their fortunes to change the world Watch

Image of

By Talia Ramos (NEWS CONSORTIUM)

Through the "Giving Pledge," men and women belonging to the upper crust of the society, with billions of dollars in their name, commit to donating a large chunk of their fortune, whether through their lifetime or through their will. Coming from the majority of their ... continue reading


World's discarded electronic junk building up into massive toxic dump Watch

Image of Less than 16 percent of global e-waste is being diverted from landfill into recycling and reuse.

By Catholic Online (NEWS CONSORTIUM)

Television sets, washers and driers, stereos - broken, discarded, and then thrown away, are creating a massively toxic waste dump of gargantuan proportions. The irony in all this "e-waste" is the fact that precious metals such as gold and silver are also thrown ... continue reading


All Business & Economics News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Sirach 36:5-6, 10-17
5 Send new portents, do fresh wonders, win glory for ... Read More

Psalm, Psalms 79:8, 9, 11, 13
8 Do not count against us the guilt of former ... Read More

Gospel, Mark 10:32-45
32 They were on the road, going up to Jerusalem; ... Read More

Saint of the Day

Saint of the Day for May 27th, 2015 Image

St. Augustine of Canterbury
May 27: At the end of the sixth century anyone would have said that ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter