Canadian filmmaker turns to Internet to finance movie
By Irene Kuan
TORONTO (Reuters) - An aspiring Canadian filmmaker is asking the public at large to help fund his first movie project, one frame at a time.
Casey Walker launched a Web site earlier this year to raise C$1 million ($988,457) and is selling frames of his yet-to-be-made film over the Internet for C$10 a piece.
In return, investors will receive a credit in his movie, advertisement rights on his site and a cut of the profits if the film makes money.
So far he has sold more than 17,000 frames, bringing in about C$170,000, including the biggest single sale at C$52,560. Walker also has attracted investors from the United States, Europe and Canada.
He hopes to reach a million in four months.
"I wanted to make a feature film since I got into this business 10 years ago, and it's not easy to finance an independent film in this country, especially for a first-time director," Walker said in an interview.
He had shopped his script around Hollywood unsuccessfully several times before returning to Canada. The idea for the Web site came to him in 2006 after he saw another site called the "Million Dollar Home Page." It was created by a man in Britain who sold pixels of his site to advertisers and made more than $1 million in five months.
"That's what inspired me to approach the public online to fund-raise because his success was so rapid," Walker said. Continued...