Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

1/26/2014 (2 years 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 (2 years 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'


Copyright 2016 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for May 2016
Universal:
Respect for Women: That in every country of the world, women may be honored and respected and that their essential contribution to society may be highly esteemed.
Evangelization: Holy Rosary: That families, communities, and groups may pray the Holy Rosary for evangelization and peace.



Comments


More Business & Economics

Obama brags in face of economic failure Watch

Image of The Obama administration claims the economy is thriving - but what is REALLY going on (TPNN)?

By Kenya Sinclair (CALIFORNIA NETWORK)

We all know "that guy." You know the one - the guy who is obsessed with conspiracy theories and who swears the government is out to get us. Well, according to newly released economic data, "that guy" might be (partially) right. LOS ANGELES, CA (Catholic Online) - U.S. ... continue reading


Yes, there's definitely something wrong with millennials, and here's what it is! Watch

Image of As far as millennials are concerned, the American dream is just that -- you have to be asleep to believe it.

By Marshall Connolly (CALIFORNIA NETWORK)

Across the country, the news is shocking. Over half of the millennials think socialism might be a good thing. Most of them believe the American dream is a myth, and public perception is that something is wrong with them. Why do they just want "free stuff?" LOS ANGELES, ... continue reading


Billionaire Soros warns China is near economic collapse Watch

Image of China's economy may be heading for trouble.

By Marshall Connolly (CALIFORNIA NETWORK)

Billionaire George Soros is sounding the alarm, China is about to go down and the rest of the world could follow. According to Soros, there is a major resemblance between China now and the United States in 2007-2008 just before the U.S. economy entered the Great ... continue reading


IRS issues dire warning before Panama Papers crackdown begins Watch

Image of The Panama Papers detail the tax evasion schemes of thousands of wealthy people around the world.

By Marshall Connolly (CALIFORNIA NETWORK)

The IRS has issued a warning to the rich who have been hiding money offshore - come clean now, before we catch you ourselves. The warning follows the leak of over 11 million pages of documents that detail the private, often hidden financial moves of wealthy people ... continue reading


Obama's Saudi masters order him not to sign 9/11 bill Watch

Image of It's not about the victims, it's about the Saudis.

By David Drudge (CALIFORNIA NETWORK)

Saudi Arabia is about to escalate their economic war with the United States should Congress pass a law that will allow victims of the 9/11  terrorist attacks to sue foreign states. The Obama administration opposes the bill and is lobbying against it. LOS ANGELES, ... continue reading


You won't believe how California's rich spend their money! Watch

Image of Top 1 percent pays nearly half of all California taxes (istockphoto).

By Kenya Sinclair (CALIFORNIA NETWORK)

When you think of California, images of sandy beaches, sun-kissed skin and Hollywood stars flash through your mind - and you're not wrong! California's rich enjoy all the sunny state has to offer - but at what cost? LOS ANGELES, CA (Catholic Online) - According to ... continue reading


Tesla KILLS American car industry in just 3 days. GOOD! Watch

Image of The Tesla Model 3 will sell for an average price of $42,000. Subsequent competition and models will reduce future prices even further.

By Marshall Connolly (CALIFORNIA NETWORK)

Tesla has blown away all predictions, selling over 276,000 pre-orders of their affordable Model 3 electric car, within 72 hours of going live. The massive public interest reveals a major shift in public preferences and should send shockwaves through the auto industry. ... continue reading


You won't believe what JUST happened to Walmart! Watch

Image of What does Walmart's revenue drop mean (WalmartDid).

By Kenya Sinclair (CALIFORNIA NETWORK)

The discount giant has received its first dip in revenue since its inception in 1996. Can the drop signify the beginning of the end? LOS ANGELES, CA (Catholic Online) - The digital age has marked a permanent shift in the way humanity perceives the world.One smartphone ... continue reading


Why Democratic Socialism is coming to America, whether you like it or not, and what you can do about it (but won't) Watch

Image of Presidential hopeful Bernie Sanders is a self-described democratic socialist. His movement is popular with millennials who are coming of age.

By Marshall Connolly (CALIFORNIA NETWORK)

America is in more trouble than people realize and here's why. The middle class is becoming poor, and as the ranks of the poor grow, our national politics will change. LOS ANGELES, CA (California Network) - The United States is changing and many people are having a ... continue reading


You'll never believe what the U.S. government is doing with $917 billion Watch

Image of How much do YOU owe (Shutterstock)?

By Kenya Sinclair (CALIFORNIA NETWORK)

How often do you swipe your credit card without considering your credit limit? When you don't have funds in your checking account, do you turn to credit cards to cover groceries, outings or bills? Have you considered what that credit card debt can do on a larger scale? ... continue reading


All Business & Economics News

Newsletters

Newsletter Sign Up icon

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

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

  • Daily Reading for Monday, May 9th, 2016 HD Video
  • Daily Readings for Friday, May 06, 2016
  • Bl. Edward Jones: Saint of the Day for Friday, May 06, 2016
  • The gruesome way scientists are killing unborn babies in school ...
  • Historical Jubilee documents on display!
  • Daily Reading for Tuesday, May 10th, 2016 HD Video
  • 'The doctors were shocked': Conjoined twins share unusual bond

Daily Readings

Reading 1, Acts 1:1-11
1 In my earlier work, Theophilus, I dealt with everything Jesus had done ... Read More

Psalm, Psalms 47:2-3, 6-7, 8-9
2 For Yahweh, the Most High, is glorious, the great king over all the ... Read More

Gospel, Luke 24:46-53
46 and he said to them, 'So it is written that the Christ would suffer ... Read More

Reading 2, Ephesians 1:17-23
17 May the God of our Lord Jesus Christ, the Father of glory, give you a ... Read More

Saint of the Day

Saint of the Day for May 5th, 2016 Image

St. Hilary of Arles
May 5: Bishop of Arles, France, and friend and relative ... Read More