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New Online Financing Platform Aims to Help Filmmakers

by Anthony Kaufman.

The odds of making money by investing in an independent film, as reported in a recent article in The Wall Street Journal, “are better than the lottery, but worse than blackjack.”

While such unlikely chances have never stopped the independent movie business from moving forward, it has forced industry insiders to look for a better and more equitable infrastructure, one that is more sustainable for investors and filmmakers alike.

Enter Slated, a new online film-financing platform that is a more exclusive and professional version of Kickstarter. It’s often referred to as “Soho House for film financing, due to the requirement that you must be invited to be a member,” says Stephan Paternot, co-founder of theGlobe.com and Slated’s Chairman, co-founder and one of its initial investors.

And unlike Kickstarter, adds CEO and co-founder Duncan Cork, where donors “may get a signed copy of a DVD or a fancy T-Shirt” without any expectation of participating in a project’s performance in the marketplace, Slated’s investors enter into a typical “commercial relationship with the film’s producing team.”

Read the rest of this article from WSJ.

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