Crowdfunding Site Hosts Big Names – Hanks Film Among First Projects

Junction is open only to people with annual income over $200,000 a year or net worth of $1 million, not including their primary residence.

Junction is open only to people with annual income over $200,000 a year or net worth of $1 million, not including their primary residence. (TheWrap)

Jordan Zakarin | March 26, 2014 | TheWrap – Junction is only open to wealthier investors, and says its projects will be released with or without them

Soon, wealthy movie fans will be able to get more than a digital download and a T shirt for investing in films online.

The new Junction — which is already raising money for films with Tom Hanks, among others — isn’t a Kickstarter-type site that helps movies get made. Instead, it will allow investors to contribute to films that already have financially backing and will be made regardless of whether Junction participants join in.

One of its first projects is “Triple Nine,” a John Hillcoat-directed thriller starring Casey Affleck, Chiwetel Ejiofor, Kate Winslet, Aaron Paul, Gal Gadot, Woody Harrelson and Teresa Palmer. Worldview Entertainment is the financier on board the movie already.

Another is “A Hologram For The King,” the film adaptation of the Dave Eggers’ best-selling novel, with Hanks slated to star and one of his “Cloud Atlas” directors, Tom Tykwer, at the helm. The project is financed by Silver Reel.

Early advisers include prolific film producer Jason Blum and Steve Wynn, the CEO of Wynn Resorts.

read more: http://www.thewrap.com/new-crowdfunding-platform-launches-hosting-campaigns-tom-hanks-aaron-paul-films/

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