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Cannes: 'Iron Sky' Sequel in the Works

Berlinale Film Festival Press Still Iron Sky - H 2012
Berlinale Film Festival
"Iron Sky"

The Finnish filmmakers again will target crowd-funding sources for their new Nazi on the Moon movie.

The Finnish filmmakers behind Iron Sky are planning a sequel to the Nazis on the Moon film: Iron Sky The Coming Race. Similar to the first film, the producers will use crowd funding to kick off financing Iron Sky 2, launching the project on Indiegogo.

For the pitch to prospective investors, Iron Sky director Timo Vuorensola has made a spoof hostage video in which he sits in front of a North Korean flag, and flanked by two women armed with machine guns, apologizes for making the original film.

STORY: Video Game Based on 'Iron Sky' in the Works 

Producer Tero Kaukomaa hopes to raise $150,000 for Iron Sky 2 via crowd funding, or a tenth of the film's planned $15 million budget, with the remainder coming from soft money, presales and other independent sources.

On the indiegogo site, the producers say they are working on a script and expect to deliver the first draft by the end of the year and to shoot a promo for the movie to be ready for Cannes next year. Principle photography on Iron Sky The Coming Race is planned for 2015. 

The original Iron Sky feature, which raised more than $1 million via crowd funding, sold well internationally but was a weak box office performer. Despite strong bows in Germany and Finland, the $10 million film grossed just over $8 million theatrically including a paltry $122,000 domestic take for U.S. distributor eONe, according to figures on boxofficemojo.com.