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Vimeo Launches $500K Program to Support Crowdfunded Films

by ScreenCraft Staff on January 16, 2014

Today at the Sundance Film Festival, Vimeo announced that the company is launching a $500K program to support crowdfunded films. The program will give creators who have successfully raised $10,000 or more through crowdfunding platforms access to tools and funds to bring their projects to market on Vimeo.

Vimeo's team of curators will review qualifying films on leading crowdfunding platforms, including Indiegogo, Kickstarter and our friends at Seed&Spark. The team will grant free, one-year PRO accounts and access to a $500,000 Audience Development Fund to select filmmakers. In addition, Vimeo will offer marketing support in exchange for an exclusive digital premiere window for distribution on Vimeo On Demand.

“Vimeo is committed to empowering filmmakers with the world’s best platform for direct distribution,” said Vimeo General Manager of Audience Networks, Greg Clayman, in a press release. “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.”

The digital age has disrupted the traditional film distribution model, paving way for filmmakers to find tremendous success via crowdfunding and online release of their projects. Since the launch of Vimeo on Demand in March 2013, Vimeo has had more than 5,000 films on its open platform. The company said its new crowdfunding program will provide a way to market and build an audience for these films.

Founded in 2004, the company says its mission is "to empower and inspire people around the world to create, share and discover videos." Vimeo boasts over 22 million registered members and reaches a global monthly audience of more than 149 million.

Qualifying filmmakers who are interested in having their work considered for the Audience Development Fund should email crowdfunding@vimeo.com for more information.

In other recent news, FOX declared that 2013 was the last pilot season year. Check out the ScreenCraft post, "Fox Ends Pilot Season: What Does this Mean for the Industry?"

Check out this clip from our first New York City panel, Digital Discourse: The Future of Distribution and Content Creation.

 

Also, download screenplays for the 2014 Golden Globe nominees here.

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