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 July 2015
Universal:
That political responsibility may be lived at all levels as a high form of charity.
Evangelization: That, amid social inequalities, Latin American Christians may bear witness to love for the poor and contribute to a more fraternal society.



Comments


More Business & Economics

U.S. hit with price hikes: Apartment rent, restaurant meals and haircut prices are up Watch

Image of Starbucks has increased the price of their coffee from around 5 cents to 20 cents per cup.

By Linky C. (NEWS CONSORTIUM)

Prices of restaurant meals, gym memberships, haircuts and even a cup of coffee are rising in America, as well as apartment rent. American consumers are beginning to feel the financial burden, as the inflation rates in the U.S. start to kick in. MUNTINLUPA, PHILIPPINES ... continue reading


Big name companies demand Planned Parenthood to remove names off list of corporate donors Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Representatives from Coca-Cola, Ford Motor Co. and Xerox openly state they've requested Planned Parenthood to take their company's names out as corporate donors to the controversial organization. MUNTINLUPA, PHILIPPINES (Catholic Online) - Planned Parenthood is now ... continue reading


Gun sales in the United States dramatically boost after massacre shootings Watch

Image of

By Atarah Haely (NEWS CONSORTIUM)

FBI's latest background check data shows the gun industry spiked in sales at about 11 percent last June. There are about 1.53 million background checks done, making it the busiest June ever since the agency started keeping track in 1999, according to CNN. The massive ... continue reading


Microsoft slammed for thousands of layoffs while demanding increase in immigration Watch

Image of

By Atarah Haely (NEWS CONSORTIUM)

About 7,800 Microsoft employees are in line to be fired, according to a company announcement last Wednesday. Most workers are from the seemingly failing mobile phone business, while Microsfot is said to fire a majority of Nokia's remaining employees ever since ... continue reading


Subway and Jared break up after controversial police raid at spokesman's home Watch

Image of Jared Fogle is known for his massive weight loss on a

By Nikky Andres (NEWS CONSORTIUM)

Subway spokesman, Jared Fogle's house was raided by FBI agents and Indiana State Police, two months after the former executive director of Fogle's foundation was arrested with charges of child pornography. MUNTINLUPA, PHILIPPINES (Catholic Online) - In their statement, ... continue reading


'Enough with all the rules' firework industry calls out to Obama Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

This year, more states have allowed people to buy pyrotechnic materials, such as sparklers and Roman Candles. In fact, this year has been wonderful for fireworks manufacturers, since the projected 2015 sales of celebratory explosives are estimated to top $1 billion. ... continue reading


Whole Foods accused of greatly overcharging customers Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

Whole Foods, the American foods supermarket chain that specializes in organic goods, has been accused of massive overcharging. The New York City Department of Consumer Affairs explained they have discovered "systematic overcharging for pre-packaged foods" at the city's ... continue reading


Strange and powerful 'boat swallowing' vortex appears in Lake Texoma Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

A strange, giant vortex, estimated to be around 8-feet in diameter, has appeared in Lake Texoma. This occurrence is surprising and perhaps threatening. However, there is an explanation. MUNTUNLUPA, PHILIPPINES (Catholic Online) - Lake Texoma is known as one of the ... continue reading


Is it time to stash money under mattress? 'It's time to hold physical cash,' fund manager says Watch

Image of Ian Spreadbury declined to predict the exact trigger but said it was more likely to happen in the next five years rather than 10.

By Catholic Online (NEWS CONSORTIUM)

Is it time to cash your paycheck and then stick it into a hatbox for a rainy day? According to British fund manager Ian Spreadbury, who invests more than £4 billion of investors' money is gravely concerned that a "systemic event" could rock markets. The upset ... continue reading


In spite of strong showing, Ron Paul predicts Apocalypse on Wall Street Watch

Image of Ron Paul has predicted economic doomsday previously. As stocks continue to make new highs, he remains just as convicted as ever that there

By Catholic Online (NEWS CONSORTIUM)

Things seem to be on an even keel right now but according to former Representative Ron Paul, the Federal Reserve's easy money policies have left stocks and bonds are on the verge of a massive collapse. LOS ANGELES, CA (Catholic Online) - "I am utterly amazed at ... 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, Numbers 12:1-13
1 Miriam, and Aaron too, criticised Moses over the ... Read More

Psalm, Psalms 51:3-4, 5-6, 6-7, 12-13
3 For I am well aware of my offences, my sin is ... Read More

Gospel, Matthew 14:22-36
22 And at once he made the disciples get into the ... Read More

Saint of the Day

Saint of the Day for August 4th, 2015 Image

St. John Vianney
August 4: St. John Vianney, Priest (Patron of priests) Feast day - August ... 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