Spike Lee hits $1.25 million Kickstarter goal to fund next movie

spikeleeThe director defended the method of raising money for the Newest Hottest Spike Lee Joint about ‘human beings who are addicted to blood’ as necessary in industry dominated by big studios.

Spike Lee apparently did the right thing to finance his next movie.

The 56-year-old “Crooklyn” director reached his $1.25 million goal on Kickstarter to fund his next project, four days ahead of his deadline.

With $1.29 million in donations, it’s the third highest film in the crowdfunding site’s history, behind the “Vernonica Mars” feature film and Zach Braff’s followup to “Garden State.”

Fellow indie director Steven Soderbergh was among the donors, pledging $10,000 to Lee’s film.

But Lee’s success also has galvanized critics outraged at the prospect of Hollywood millionaires soliciting money.

“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 a first-timer who can really use it,” Kevin Smith wrote on Reddit in May.

Lee defended the method of self-financing as a way to get good films made in an industry dominated by big studios.

“Indie Filmmakers are always in search of financing because their work, their vision sometimes does not coincide with Studio Pictures,” he wrote on his Kickstarter project page. “But I do put my own money in my films. I self-financed RED HOOK SUMMER. My fee for MALCOLM X was put back into the budget.

“The truth is I’ve been doing KICKSTARTER before there was KICKSTARTER, there was no Internet. Social Media was writing letters, making phone calls, beating the bushes. I’m now using TECHNOLOGY with what I’ve been doing.”

Not much is known about the untitled film, except that Lee bills it as, “Human beings who are addicted to Blood. Funny, Sexy and Bloody. A new kind of love story (and not a remake of ‘Blacula’).”

[Source: Ethan Sacks @ NYDailyNews]

http://www.nydailynews.com/entertainment/tv-movies/spike-lee-hits-1-25m-kickstarter-goal-fund-movie-article-1.1429237

Tags: , , , , ,

HEADLINE NEWS

Filmmaker Magazine28 Tips on Crowdfunding and Promoting Your Film via Social Media from DOC NYC's Marketing BootcampFilmmaker MagazineContinuing my coverage of DOC NYC's Marketing Boot Camp (read part one here), this installment focuses on two information-packed presentation [...]

BBB Tip of the Week: Giving to crowdfunding sitesThe Spokesman-ReviewThere is a good chance if you are on social media or have an email account that you have been sent a link to a crowdfunding site to support an individual or organization. GoFundMe.com, YouCaring.com, Kickstarter.com [...]

Madison.comLaw change could boost little-used state crowdfunding laws ...Madison.comNew federal rules lift restrictions on using social media to court in-state investors, a change upstart small businesses hope will make it much easier to raise ...and more » [...]

Trump's Economic Plans Suggest New Opportunities for Equity Crowdfunding BusinessChipInWhether you like his political agenda or not, President Donald Trump has clearly altered and energized today's business climate. His plan to deregulate the commercial capital sector sugges [...]

messenger-inquirerLaw change could boost state crowdfunding laws | Business ...messenger-inquirerMADISON, Wis. -- A former Green Bay Packers player whose consulting business has connected 400 high school athletes with college teams got a lesson in ...and more » [...]

NanalyzeSelf Crowdfunding and the Failure of PlastcNanalyzeDeath is a sad thing when if befalls the people around us, and there are 5 stages of grief that people go through when they are mourning the loss of a loved one. There is now a 6th stage of grief that seems to have appeared la [...]

U.S. News & World ReportLaw Change Could Boost Little-Used State Crowdfunding LawsU.S. News & World ReportIngram wants to develop an app that matches players with programs and to launch the venture he's turned to an emerging form of state crowdfunding that lets entreprene [...]

NewsOK.comVideo: Crowdfunding campaign launched on behalf of Jimmy ...NewsOK.comRed dirt music pioneer Jimmy LaFave, who came of age in Stillwater and went on to become an Austin, Texas, music icon, has been diagnosed with a rare form ...and more » [...]

Android Authority (blog)Crowdfunding project of the week: Spark turns your phone into a DSLR camera remoteAndroid Authority (blog)The 'Crowdfunding project of the week' has become a tradition here at Android Authority. This article series is where we highlight some of the ho [...]

MetroJess Phillips MP raises thousands crowdfunding for general election campaignMetroJess Phillips, who represents Birmingham Yardley, asked people 'to 'give as little or as much as you can' to help her retain her seat in June's general election. She claimed that [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |