Friday, December 18, 2009

The power of Youtube

Fede Alvarez, a Uraguayan filmmaker and animator who created a YouTube hit with his low-budget sci-fi short, Panic Attack!, has signed a deal with Sam Raimi’s Ghost House Pictures to develop and direct an original genre project. While Panic Attack! only cost several hundred dollars, his deal with Ghost House is reportedly in the six- against seven figure range (meaning that he’s being paid $X00,000 and if the film gets made he gets a bonus amount which would bring his salary to $X,000,000). The same day Alvarez posted his video, Hollywood came calling as they were impressed with what he was able to accomplish with such a low budget. read the rest here.

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