Zach Braff's Wish I Was Here Adds Anna Kendrick And Comes Under Fire Again For Its Financing

By Katey Rich 2013-05-16 10:42:59discussion comments
fb share tweet share
Zach Braff's Wish I Was Here Adds Anna Kendrick And Comes Under Fire Again For Its Financing image
Think of it this way: if Zach Braff had gone about making his latest movie in the usual way, none of us would probably be talking about it right now. But after a successful Kickstarter campaign, then the arrangement of financing that seemed to violate the whole spirit of the thing, Braff is at the center of a mini firestorm about modern ways of financing movies-- and as much as it might suck for him right now, it's getting his movie Wish I Was Here more attention than it ever would have had otherwise.

So now we've got two updates on the project that everybody has an opinion on before it even exists. First up, The Wrap reports that Anna Kendrick has joined the cast of the film, which also added Josh Gad and Mandy Patinkin yesterday. On the other hand, there's this fascinating piece at Flavorwire that breaks down the jargony language of Hollywood film financing and explains why the deal Braff struck with Worldview Entertainment really does violate the spirit of the Kickstarter campaign, no matter what Braff says. Here's one key paragraph:

The Reporter may have overstated the deal, but Braff’s explanation of exactly what Worldview is providing smells fishy, too. They are not “a bank” — according to their website, they are “a leading independent motion picture production and investment company” that “provides equity and mezzanine capital for the independent film market, and invests a film’s capital structure and throughout its life cycle.” These are “money people,” and they aren’t just providing a loan; they’re making an investment. When Wish I Was Here is released, they’re going to make money. So is Braff. But his “fans” won’t; they (unlike, say, the Veronica Mars backers) don’t even get a copy of the movie they invested in.

It's really, really hard to be an outsider sorting through this situation, but this is one of the rare situations in which an outsider really is entitled to do so-- people who put up money for Braff's film have the right to know where the money is coming from and where their own money is going, and adding in a traditional financier only makes that way more complicated. The Veronica Mars Kickstarter was a little strange because Warner Bros. owned the rights to the show, and would be a major studio profiting off a film that was financed by other people who earned no such profits. But Braff's project is a whole other can of worms, and one that's only getting messier the closer the film comes to being a reality. As open as Braff has been in this whole process, and as eager as he is to defend himself, I imagine his next explanation will be coming any minute now.
discussion
Subscribe To Topics You're Interested In
Comments
blog comments powered by Disqus
Back to top
GET US IN YOUR FEED
RELATED
FEATURES
TOP MOVIES
HOT TOPICS
ABOUT US FAQ PRIVACY POLICY JOBS APPS CONTACT
© Cinema Blend LLC / All rights reserved