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New startup offers movie investing to wealthy
March 27, 2014, 05:00 AM The Associated Press

NEW YORK — A new startup is offering wealthy investors a chance to finance movies starring Tom Hanks, Kate Winslet and Casey Affleck.

The San Francisco-based Junction launched Wednesday. It’s a twist on the crowdfunding that has helped movies like “Veronica Mars” get made. It’s open only to those who make $200,000 a year or have a net worth of more than $1 million.

Junction investors share in potential profits, like normal film financiers. Contributors to projects on crowdfunding sites like Kickstarter receive rewards, like a copy of the script or a signed movie poster.

Junction films are already fully funded, but open to adding more investors.

Among the first projects are the John Hillcoat-directed “Triple Nine,” with Affleck and Winslet, and the Dave Eggers adaptation “A Hologram for the King,” starring Hanks.

 

 

Tags: investors, junction,


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Daily Journal Quick Poll
 
Do you plan on seeing "The Interview?"

Yes. Wanted to even before the controversy.
No. Not my type of movie.
Yes. Want to see what all the fuss is about.
No. I can't support such a film.
Only if I'm not paying for it.

 

 
 
 
 
 
 
 
 
  
 
  
 
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