Now James Franco Wants Your Cash

He wants to crowdfund $500K to make 3 movies

By Evann Gastaldo,  Newser Staff

Posted Jun 18, 2013 9:10 AM CDT

(Newser) – James Franco would like to make three films, based on his own short stories, and he would like you to pay for them. Yes, Franco is the latest celebrity to turn to crowdfunding rather than traditional financing for a project (a trend that's sometimes successful, sometimes really not), but he's using Indiegogo rather than popular platform Kickstarter. The movies would be based on Palo Alto, Franco's 2010 book of stories about "high school experiences" in his California hometown, Deadline reports, and he needs $500,000 to make them.

If you don't think Franco needs your money, think again. "Because of who I am, people often believe that it is easy to find investors and distributors for my films. Unfortunately, things aren’t that easy," he explains on Indiegogo. "More times than not, I have put in my own money to produce my films and my students’ films. However, this time it’s different; we need more funding. I will still fund part of it, but I need of your help; filming three feature films back-to-back requires more funding than I can give." Contribute $75, and you'll get "A YEARBOOK PHOTO OF JAMES from Palo Alto High School." For $300, you get a print of one of Franco's own original paintings—or for $7,000, get the original.

Director James Franco arrives for a photo call for the film As I Lay Dying at the 66th international film festival, in Cannes, southern France, Monday, May 20, 2013.
Director James Franco arrives for a photo call for the film As I Lay Dying at the 66th international film festival, in Cannes, southern France, Monday, May 20, 2013.   (AP Photo/Lionel Cironneau)
Actor James Franco poses with his new star at a ceremony honoring him on the Hollywood Walk of Fame on Thursday, March 7, 2013 in Los Angeles.
Actor James Franco poses with his new star at a ceremony honoring him on the Hollywood Walk of Fame on Thursday, March 7, 2013 in Los Angeles.   (Photo by John Shearer/Invision/AP)
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