'Iron Sky' Producers Sell Company Equity Via Crowdfunding
The makers of hit Finnish sci-fi satire Iron Sky are turning to crowdfunding to find new shareholders for the movie's franchise company.
Iron Sky Universe Ltd, the company that owns the franchise behind the Nazis-on-the-moon comedy, is looking for shareholders willing to invest a minimum of €250 ($345) through Finnish crowdfunding service Invesdor.com.
The move follows a similar initiative during the production of the last $10 million film, released in 2012, when more than $900,000 was raised via crowdfunding.
The new fundraising bid is designed to create a more formal avenue for fans to invest in the ongoing franchise. A sequel, Iron Sky: The Coming Race is already in the works, for which the producers have raised $180,000 in development funding via crowdfunding site IndieGoGo.
The aim now is to raise $70,000 and $200,000 in exchange for around two and five percent of equity in the franchise.
"We managed to produce the first Iron Sky with a pure rage boosted by the help from our audience," said Tero Kaukomaa, the film's producer and head of business at Iron Sky Universe.
"Now the target is to build a sufficient organization to execute our production and distribution strategy."
The core team of Iron Sky Universe consists of Kaukomaa, director Timo Vuorensola, and community manager Jarmo Puskala, all of whom have worked on the franchise since the first Iron Sky movie.