http://www.businessweek.com/ap/2012-10-01/news-summary-online-donors-save-skorean-film

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.


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