James Franco Crowdfunding Initiative Seeks $500,000 For New Movies

Photo Courtesy of JamesFrancoTV

Photo Courtesy of JamesFrancoTV

NEW YORK — Following crowd-funding campaigns from “Veronica Mars” and Zach Braff, James Franco is trying to raise $500,000 to bankroll a trilogy of movies.

Franco on Monday night started a campaign on Indiegogo, a crowd-funding alternative to Kickstarter that allows people to keep the money they raise even if the project doesn’t come to fruition. Franco isn’t trying to direct the films; he’s raising money so that a collection of young filmmakers can adapt his 2011 short story collection, “Palo Alto.”

“Because of who I am, people often believe that it is easy to find investors and distributors for my films,” wrote Franco. “Unfortunately, things aren’t that easy. More times than not, I have put in my own money to produce my films and my student’s films. However, this time it’s different. We need more funding, I will still fund part of it but I need of your help, filming three feature films back-to-back requires more funding than I can give.”

Franco pledges to donate any profits from the films to Art of Elysium, a nonprofit that encourages entertainers to visit children with serious medical conditions. Levels of contribution range from $10 for copies of the screenplays to $10,000, which gets dinner with Franco and an executive producer credit.

The three films – titled “Memoria,” “Yosemite” and “Killing Animals” – will pull from stories Franco wrote about his California hometown. Directing will be Bruce Thierry Cheung, Gabrielle Demeestere, Nina Ljeti and Vladimir de Fontenay, all of whom are current or former students from New York University, where Franco attended the film program.

Franco, who currently stars in the apocalyptic comedy “This Is the End,” has directed a number of feature films. He premiered his William Faulkner adaptation “As I Lay Dying” at the Cannes Film Festival in May.

The campaign didn’t immediately take off like those did for “Veronica Mars” and Braff’s film. As of late Tuesday morning, it had pulled in $22,000, with 30 days to go before the campaign closes on July 17.

[Source: Jake Coyle @ The Huffington Post]

HEADLINE NEWS

U.S. News & World ReportNo Cash for Hate, Say Mainstream Crowdfunding FirmsU.S. News & World ReportThe block on mainstream crowdfunding is just the latest blow to far-right activists operating online. In the last 24 hours, neo-Nazi website the Daily Stormer had its domain regi [...]

FortuneUncensored Social Network Gab Raises $1 Million in Crowdfunding CampaignFortuneA crowdfunding campaign for Gab, a Twitter-like social network that touts its commitment to freedom of speech, surpassed $1 million yesterday. The company claims it is politically neutral and committ [...]

Baltimore SunHarford still opposes crowdfunding sites for school donationsBaltimore SunRaising money through online crowdfunding sites is an ideal way for teachers to find the funds to purchase classroom materials and should be restored, the head of the Harford County teachers' u [...]

Crain's Cleveland Business'Smaller' gifts can go long way for Clinic's crowdfunding platformCrain's Cleveland BusinessFor an institution accustomed to securing multimillion-dollar donations, Cleveland Clinic's latest fundraising effort has some relatively [...]

Censorship in Crowdfunding Services and How Bitcoin Could HelpInside BitcoinsThis once again highlighted the need for crowdfunding and community support for independent projects to remain afloat, but this time it was more serious. With YouTube throttling advertising revenue to creator [...]

League: Warriors legend Monty Betham drops crowdfunding bidNew Zealand HeraldFormer Warriors Monty Betham has pulled the pin on his quest to launch a crowdfunding campaign to buy the Warriors. With Warriors owner Eric Watson locked in negotiations to sell, Betham made a plea to league [...]

GeekZing Smart Light Passes Crowdfunding Goal With Flying Colors ...GeekAt age 31, I still prefer to keep a light on in the hallway, illuminating my way to the bathroom in the middle of the night. (God forbid I step on the creeping cat—or ...and more » [...]

ForbesWhat Works In Equity Crowdfunding -- Insights From ResearchForbesAs we have recently celebrated the fourth anniversary of the signing of the JOBS Act into law, it is a good time to take stock of the effect that the legislature had on equity crowdfunding in the United States. It [...]

FortuneDreamHost Sets Up Crowdfunding Page to Aid Trump Government FightFortuneThe Los Angeles-based web host DreamHost, which is fighting the Department of Justice over its attempt to seize records of visitors to an anti-Donald Trump website, has launched a crowdfunding campaign to a [...]

DualShockersBounty Battle Rolls out the White Carpet with Successful Crowdfunding CampaignDualShockersWhen we last checked in with the indie-obsessed fighting game, Bounty Battle, it was halfway through its $30,000 crowdfunding goal. Now with 3 days left to go, it's surpassed thi [...]

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 |