Crowdfunding platform Indiegogo announced that Sundance award winner “Dear White People,” which raised its initial production funds on Indiegogo, has broken the U.S. domestic box office record for a crowdfunded film.
Since its opening on Oct. 17, the biting work of satire has grossed $4.4 million domestically, topping the previous record-holder, Zach Braff’s Kickstarter-funded film, “Wish I Was Here,” which grossed $3.6 million.
Indiegogo also notes in the press release that its 2014 campaigns for other projects made for the screen, including “Lazer Team,” “Tabletop,” “Video Game High School 3″ and “Gosnell” were among 4 of the top 10 highest grossing film campaigns of all time. There was also Don Cheadle’s “Miles Ahead,” which he co-funded via an Indiegogo campaign last year, raising almost $350,000 to help complete the film, which should make its premiere later this year, likely on the film festival circuit (I’m thinking Toronto in September).
“Indiegogo has experienced 115% growth in the film category over the last couple of years,” said Slava Rubin, CEO of Indiegogo. “Since our launch at Sundance in 2008, 41,106 films in 166 countries have received funds from Indiegogo.”
The company also posted a short documentary on YouTube about “Dear White People.”
The campaign success of “Dear White People” capped off what the crowdfunding platform called a record-breaking 2-year growth period in film for Indiegogo – something that’s also the subject of a new Indiegogo documentary released today, which is embedded below:
Watch the Indiegogo “Dear White People” documentary below: