Just to recap: Zach Braff put his proposed film, Wish I Was Here, up on Kickstarter. People freaked out, because Zach Braff is supposedly worth $22 million and maybe shouldn’t need Kickstarter (what does anyone “need?”). But his movie got funded anyway, and Kickstarter shot back that Braff’s movie, far from taking money away from other projects, was actually funded 63 percent by people who’d never used Kickstarter before, who went on to contribute $400,000 to other projects. So, a dick perhaps, but a net good in the end. End of story, right? Well, not exactly.
The brouhaha is poised to become even more kerfufflerous today with the news that Wish I Was Here has found a financier. Wait, what?
Zach Braff’s successful Kickstarter campaign for Wish I Was Here has helped the actor-director land a leading film financier: Worldview Entertainment.
Wish I Was Here has been generating headlines since April 24 when it became the latest film project to turn to the popular crowd-funding site for help. To date, the project has raised more than $2.6 million from more than 38,000 people, exceeding the $2 million goal.
Worldview will provide most of the financing for the drama, which will star Braff as a young man who, upon learning that his father is dying, must take a second look at his life and reconnect with his family. The budget is less than $10 million. With Worldview on board, a small percentage of the money raised will be returned in the form of a fee to Kickstarter, according to insiders.
Now, that might’ve been a little difficult to parse, but basically, Braff’s $2 million goal wasn’t the entire cost of the movie. The entire cost of the movie was closer to $10 million (even though the LA Times said $5 million a few weeks ago). Worldview Entertainment is stepping in to pay for the difference between the $2.6 million raised on Kickstarter and the final, near-$10 million cost of the movie. (The part going back to Kickstarter is just Kickstarter’s standard fee – they get paid when a project gets funded, that’s how it always works).
The question is, was Braff being disingenuous when he explained why he needed your Kickstarter money? Here’s his original pitch:
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