Salty, from Con Air director, is a crowd-funded film that offers shares of profit to investors
Salty is a crowd-funded movie that's taking to the SyndicateRoom site to allow investors to make money from the film profits.
Simon West, director of Con Air, Expendables 2 and Tomb Raider, will be adapting the book Salty into an action comedy movie. In order to have the most freedom he wants to do it independently from a studio by letting the public fund the film.
Those who invest in the film will be classed as proper investors who make money from the film. At the time of publishing the funding has hit almost half a million pounds with it's goal at a lofty £1.8 million. The total budget will be £5.9 million. Those that invest, with a minimum of £1000, are predicted to get a 14.49 per cent return on their money based on the film making £10.6 million.
Simon West's previous directorial efforts have all turned over huge profits. But they had film studios behind them. Will this independent effort do just as well? If it does it could be an exciting time for film makers and investors, offering money to those willing to take a risk while giving creative freedom to the artists.
The film should be shot in 2015. It follows a reformed sex-addict who is persuaded to take a holiday in Thailand by his wife, a former supermodel. Things take a turn for the worse when she’s kidnapped by Thai pirates raising money to buy a new boat.
Simon West describes the film as "Spinal Tap meets The Hangover".
On the funding model, West says: "During my two decades in the movie business I’ve funded films in a variety of ways, but for this one I was determined to break away from the big budget, big studio model. With the studios’ deep pockets comes bureaucracy that’s inefficient, expensive and which can stifle creativity. Salty will be different - and not just because it’s the first time smaller investors have been able to buy into a major film’s potential returns. As it’s a privately funded film, my production team and I will keep creative control while keeping costs down, while also giving free rein to the very best the cast and crew have to offer."