LOS ANGELES, April 30, 2012 /PRNewswire/ -- Independent Film
Development Corporation (OTCBB: IFLM), an international distributor
of digital films and producer to the multibillion dollar
Independent Film Industry, announced today it is establishing a
crowdfunding component on its Internet based entertainment company,
www.HollywoodIndy.com , for the funding of independent feature
films. The crowdfunding platform being developed by the company
will allow filmmakers to seek funding for their films, using a
donation type platform very similar to Kickstarter and
Indiegogo.
"Filmmakers generally face two major hurdles when producing an
independent film; if you find financing, you are lucky to get your
film in the can. But without distribution, it never goes
anywhere. We can offer filmmakers both financing and
distribution," said Jeff Ritchie,
CEO of Independent Film Development Corporation.
"We are shaping Hollywood Indy as a one-stop shop for
filmmakers, with development and production resources, financing
and distribution," said Pat Peach,
head of development at Hollywood Indy.
Crowdfunding is a recent phenomenon that has developed and
thrives on the Internet. Almost half of crowdfunding monies
have been utilized in film and video projects.
About HollywoodIndy.com
HollywoodIndy is an entertainment based Internet property
specializing in social networking and resourcing for independent
film and television market. The property aims to be a
one-stop resource for working film professionals in the industry,
sharing employment and job resources, servicing screenwriters,
casting, lodging, location personnel and support services for both
above the line and below the line professionals. While the
brand integrates with the Company's business model, plans call for
the brand to have an independent revenue model to include
advertising, paid posts, membership services, video and film
distribution services. HollywoodIndy will leverage its
relationship with its parent company to provide not only crowd
funding, but distribution and presales for qualified film
projects.
About Independent Film Development Corp.
Based in Los Angeles,
California, Independent Film Development Corporation is
developing a multi-pronged approach to integrate the multi billion
dollar independent film market to include web, sales and
distribution and development.
Forward-Looking Statements:
This press release includes forward-looking statements
concerning the future performance of our business, its operations
and its financial performance and condition, and also includes
selected operating results presented without the context of
accompanying financial results. These forward-looking statements
include, among others, statements with respect to our objectives
and strategies to achieve those objectives, as well as statements
with respect to our beliefs, plans, expectations, anticipations,
estimates or intentions. These forward-looking statements are based
on our current expectations. We caution that all forward-looking
information is inherently uncertain and actual results may differ
materially from the assumptions, estimates or expectations
reflected or contained in the forward-looking information, and that
actual future performance will be affected by a number of factors,
including economic conditions, technological change, regulatory
change and competitive factors, many of which are beyond our
control. Therefore, future events and results may vary
significantly from what we currently foresee. We are under no
obligation (and we expressly disclaim any such obligation) to
update or alter the forward-looking statements whether as a result
of new information, future events or otherwise.
Contact:
Independent Film Development Corp.
Investor Relations
www.iFilmsInc.com
www.twitter.com/ifilmsinc.com
Email Contact: ir@ifilmsinc.com
HollywoodIndy
www.hollywoodindy.com
www.twitter.com/hollywoodindy
SOURCE Independent Film Development Corporation
