It’s not every day you can say you had a hand in funding a blockbuster movie, much less one that stars Song Joong Ki.
The actor can be seen next in Space Sweepers, which revolves around the crew of a intergalactic space junk collecting ship which finds a humanoid robot that’s also a weapon of mass destruction. (Hmm... who else is getting major Prometheus vibes here?)
And the people behind the sci-fi movie has announced that they will be crowdfunding from the general public.
The show’s distributor, Merry Christmas, shared in a statement: “Investments for commercial blockbusters was previously limited to distributors and investment agencies. There have not been any past opportunities for the public to participate in the investment of such large-scale films, [but] now a window of opportunity has opened for everyone to invest in a low-risk film that is anticipated to do well in the box office.”
Merry Christmas admitted that investments in movies have shrunk due to the effects of the COVID-19 pandemic, but it remains hopeful that the crowdfunding movement will give the industry a much-needed boost. He also shared that there are planned movies that are on hold indefinitely as the industry has come to a virtual standstill amidst the pandemic.
Pre-registration has begun on Korean crowdfunding website Crowdy, which has given potential investors a quick look at what they can expect. It states that the profit or loss will be calculated after the final box office numbers are tallied, and that the expected break-even point is at 5.8mil ticket sales. The site added a disclaimer, saying that this number is subject to change depending on various factors such as taxes imposed on ticket sales.
The first 1,000 investors will also be able to view an exclusive Space Sweepers web comic after their investment has been confirmed.
The public are welcome to invest from August 10 to August 21. Space Sweepers was originally slated to debut this summer, but has been pushed back for a few months because of COVID-19. It will likely be hitting cinemas in the first week of October.