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Slated officially launches pioneering online film financing platform during Sundance '12

Slated officially launches pioneering online film financing platform during Sundance '12

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Published by: Crowdsourcing.org on Feb 03, 2012
Copyright:Attribution Non-commercial


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Slated, a next generation marketplace which aims to increaseefficiency, transparency and capital flow for the independent filmindustry, just successfully completed a two month private beta
period with its first customers, signing on some of today’s most
prolific film producers such as Jeffrey Kusama-Hinte (The KidsAre All Right, Thirteen, Laurel Canyon), Lesley Chilcott (WaitingFor Superman, An Inconvenient Truth), MaryJane Skalski (WinWin, The Visitor, The Station Agent) and Rene Bastian(Transamerica, A Guide To Recognizing Your Saints).
Chilcott said of Slated: “Every once in awhile an idea comes along
that when you first hear about it, you find it hard to believe that ithasn't been done before, it just makes that much sense. Slatedbrings crowd funding to a new level.
By actively trying to connect established filmmakers with seriousinvestors that would normally not meet one another, entire newfinancing models are going to emerge. When I joined Slated lastmonth, I immediately received emails from individuals tracking my
next documentary film, "Privacy.””
Kusama-Hinte said of Slated: "Slated is the most inspiredinnovation in independent film financing that I have seen in years.It is clearly built upon a profound knowledge of finance,filmmaking, and social networking and provides investors andfilmmakers the perfect marketplace in which to bring capital to filmproduction. It is more than a website or a company, it is the first
shot of a coming independent film revolution!”
Already listed on the site, are notable new projects such asTRUST ME (William H Macy, Felicity Huffman), THE WAY, WAYBACK (Sam Rockwell, AnnaSophia Robb), THE MOURNING
PORTRAIT (Melissa Leo, Wenthworth Miller), Sally Potter’sBOMB (Elle Fanning, Alessandro Nivola), Marina Zenovich’sROMAN POLANSKI: ODD MAN OUT and Amy Redford’s
PHOENIX (Liv Tyler, Benedict Cumberbatch).
Slated, which exclusively caters to seasoned filmmakers, andaward-winning break-out directors, received over 2000 featurefilm submissions for the private beta, of which 30 were approved,and has signed on accredited investors, including some wellknown executive producers, production companies, salescompanies and distributor, with a combined capital interest ofover $100,000,000.
Conceptualized and built to facilitate exclusive access andinteractivity between top filmmakers who are looking to introducetheir film projects to sophisticated investors, Slated has begun toprove its ability to create a trusted community of industry veteranswhere producers and production companies can benefit from anexclusive and organized private investment network. Investors
and distributors can find the films by tracking those they’re
interested in uploaded from validated sources, and a vettedmarketplace allows newer investors to begin building relationshipswith trusted industry leaders and filmmakers.
To maintain strict controls over the quality of the community
Slated incorporates a “social proof” mechanism that requires any
new applicant to be approved by two existing members theyalready know. This ensures that the community has a sense ofcontrol and responsibility for maintaining a high standard ofquality.
Slated’s co
-founder and Chairman
Stephan Paternot
said: “
The acute economic downturn has resulted in a severe shortage of investment capital across all industry sectors, including film,making financing independent films increasingly challenging.
To a 
limited extent online “crowd 
funding” has begun filling the void for 
micro budget projects, using donations from fans, however, we decided from the get go to be an equity investment platform only,catering to established filmmakers and financiers looking to raise tens of millions for their films. As such all our investors are accredited investors, about 50% of our investor community 
represent institutions, distributors and sales companies.” 

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