Archive for January, 2014

Passion First Funding Portal Announced

Sunday, January 26th, 2014

A new equity-crowdfunding film financing company, Passion First Funding Portal was announced this week at the Sundance Film Festival. It is one of the first new financing portals established from the relaxed rules by the 2012 Jumpstart Our Business Startups Act (a.k.a. JOBS Act) that permit general solicitation of accredited investors; think of it as a Kickstarter/IndieGoGo-type site where “qualified” contributors get a financial return on the success of a film.  Its founder, Rich Guay is a veteran producer behind several feature length films and documentaries (Ghostdog: The Way of the Samurai, Kinsey, Dogfight, etc.).

Passion First Funding Portal is a new and exciting way for experienced filmmakers and accredited investors to meet and explore the opportunities for working together. This is all being made possible by the Jumpstart Our Business Startups (JOBS) Act, a piece of federal regulation that is intended to open up traditional capital markets to emerging businesses.”passionfirstfunding.com

Passion First is currently awaiting approval of by the Securities & Exchange Commission (SEC) and will be launched in the upcoming months. If you’d like to get more information and receive updates, go to their website: passionfirstfunding.com

Vimeo Offers Crowd-Funded Indie Filmmakers Access to $500K Marketing Fund

Friday, January 17th, 2014

Vimeo just announced at this year’s Sundance Film Festival that they are launching an Audience Development Fund ($500,000) for qualifying films that have raised a minimum of $10,000 through a crowd funding platform like Kickstarter, IndieGoGo and Seed&Spark. Vimeo will give qualifying filmmakers a minimum of $10,000 in marketing services – plus a free, one-year subscription to Vimeo PRO, in exchange for an exclusive digital premiere distribution deal on Vimeo On Demand.

While crowdfunding has changed the game in getting films made, Vimeo is taking the next step supporting filmmakers to get their work seen and purchased on Vimeo and across the web,” said Greg Clayman, general manager of audience networks.”  [source: Variety]

This announcement comes shortly after the company made several improvements and updates to its video player which include “in-player purchasing” – where anyone can quickly rent or buy a Vimeo On Demand work directly from an embedded trailer.

Filmmakers who meet the funding criteria above and are interested in being considered for the Audience Development Fund can email Vimeo at this address: crowdfunding@vimeo.com.