AP News

News Summary: Online donors save SKorean film

CROWDFUNDING: After being turned down by many investors over four years, one of South Korea's top film producers, Choi Yong-bae, raised nearly $404,000 from more than 12,000 people in less than three months to finance a film about a notorious South Korean president blamed for the massacre of democracy protesters.

SOCIAL MEDIA BUZZ: The online effort created enough interest to lure deep-pocketed individuals, and nearly 90 percent of the $4.1 million budget for the movie is secured.

LATE NOVEMBER RELEASE: It is not the first film about the May 1980 suppression of an uprising against former strongman Chun Doo-hwan in Gwangju city. But while earlier movies focused on victims' families, the main theme in "26 Years" is retaliation against those responsible for the massacre.

The Good Business Issue
blog comments powered by Disqus