We have a couple of projects looking for funding. First one is a sub million $ budget and the other is a $4.5 mn budget project. The $4.5 mn one is set in Chicago and India and is a love story set in the backdrop of a charged up political scenario. The micro budget is a dark thriller set in Delhi and surrounding areas. (Hindi language) Looking for part /full investors to fund the films. More details are available by email. Thanks
Producing : Two projects looking for funding! by Alok Kapur
Two projects looking for funding!
Other topics in Producing:
Check out Trending Discussions
Register / Log In
be advised... seeking investors, especially for Million plus films in the USA requires meeting some SEC rules... be vary careful just tossing out " i'm looking for an investor" here or anywhere else on the internet. Most films are financed using SEC Rule 506 that lets ventures, like films, offer investments without having to meet other rules set for corporations that hold Initial Public Offerings and sell stock. Because films are projects that don't publicly issue financial data and that investors themselves can't manage, the SEC generally lets only certified "accredited" investors put their own money into film productions. Rule 506 limits the number of non-accredited investors to 35, but it still requires these investors to demonstrate some level of sophistication in finance; film directors and producers usually seek accredited investors. You should do some homework before engaging in this effort.
Thank you Georgia for your detailed explanation. I was not looking particularly at a US based investor but this information will be useful should any interest arise from that side of the world. As a side note though how does crowd funding work since the number of people involved are bound to be more than 35?
1 person likes this
crowd funding is a rather grey area in the US right now. The SEC and Financial sectors are sorting it all out. depending on the amounts and exactly HOW the funding plays out it could be fine or it could be an issue. Here's a link to the proposed rules. https://www.sec.gov/rules/proposed/2013/33-9470.pdf For now, if you are seeking small amounts and/or small numbers of people its fine. Its about staying under the RADAR for the time being. We just finished a successful Crowd funding effort for our of our films. But we are being careful about the number of people and more importantly, how much they donate. We set a small percentage of our project budget aside for Crowd sourcing, the rest was raised from individuals involved in the film.
thanks this is really helpful.
Alle: Of the two the Hindi film has been budgeted by me. The bigger film has been budgeted by another producer who I cannot name here. Some of my credits are on IMDB. http://www.imdb.com/name/nm1473509 Of course these are not all the credits that I have to my 22+ years of working in the industry. If you're interested to look at funding I can send you my profile via email. Also it is not Part or Full Time Investors - guess you imagined the word "Time"