http://www.nbcnews.com/entertainmen...-kickstarter-backers-await-rewards-2D11965289 Zach Braff's 'Wish I Was Here' Sold Big at Sundance, But What Do His Backers Get? It was big news for Zach Braff when his second film, the largely Kickstarter-funded "Wish I Was Here" sold to Focus Features for a reported $2.75 million at Sundance 2014. Since Braff turned to Kickstarter last spring to raise funds for the project, it has spurred controversy about whether celebrities are ruining crowdfunding for the true independents who can't simply turn to their famous friends (or their bank accounts) for backing (Kickstarter responded with its own post on the topic). Though critics scoffed, Braff had no trouble raising the funds for "Wish I Was Here," easily topping his goal of $2 million and eventually raising more than $3 million. Now that it's clear that Braff is going to make money off the film, backers are wondering if they get any special benefits. A new post on the film's Kickstarter page clarifies the legal position regarding crowdfunding, "Current SEC laws prevent Kickstarter from offering equity or financial returns.........................................
Don't they say specifically what you get when you pay for certain levels? Unless money is mentioned they can fuck off.
Very interesting. Someone should tweet him regarding their ROI. I suspect he would respond. He's quite articulate for a Jew.
So he is making a lot of money selling this movie because poor morons donated and those poor morons only get something like a t-shirt? Seems fair.
I don't see how this is any different than the Veronica Mars movie but nobody seemed pissed about that.
What's the big uproar. Everyone should know when you invest in something in kickstarter it says exactly what you get. You don't get a % of profits or anything if it's sold.
If (the SEC starts allowing it and) crowdfunding donation people get giddy and wait around for a %, they'll get an ice cold lesson about what "monkey points" means....
In a few ways it's different: 1. It was a show not coming back as a movie unless they contributed, as nobody wanted to fund it. Braff could get his movie made, he just didn't want to give up creative control. 2. The Veronica Mars movie likely had minimal commercial prospects and a very limited audience. No necessarily so with the Braff project. 3. People knew what they were paying for with Veronica Mars. Braff has made it clear it's a movie, not a sequel, and little else. 4. Not sure, but I doubt Veronica Mars was then sold for a profit before it was made. 5. The producers of VM were not celebrities who could find other sources of funding, perhaps.
