Seed&Spark

SEED&SPARK BOASTS 79 PERCENT CROWDFUNDING SUCCESS RATE IN 2018, HIGHEST OF ANY CROWDFUNDING PLATFORM FOR INDEPENDENT FILM PROJECTS

More than 70 percent of projects on Seed&Spark come from women, people of color and LGBTQ talent

LOS ANGELES. Feb. 14, 2019 – Seed&Spark, an online platform that offers crowdfunding for independent filmmakers and a subscription streaming service for audiences all of which and emphasize diversity and inclusion, had the highest crowdfunding success rate in 2018 among all crowdfunding platforms for independent film projects.

In 2018, 79 percent of Seed&Spark crowdfunding projects successfully funded. This is compared to Kickstarter, with a success rate of 37 percent1, and Indiegogo, with published reports indicating a success rate of 13 percent2.

Of the campaigns funded, 27 percent were feature films, 51 percent were shorts, 21 percent were television series and 1 percent were miscellaneous projects. The number of campaigns launched on the platform in 2018 increased approximately 60 percent from 2017, and the number of campaigns successfully funded rose 90 percent when compared with the previous year. Since its inception in 2012, Seed&Spark has an 80 percent crowdfunding success rate and raised more than $17 million for independent film and television projects.

Among the campaigns successfully funded in 2018, more than 70 percent were directed by women, people of color and LGBTQ talent.

“Underrepresented audiences have long sought to see themselves represented in media and now have the tools to fund those projects from that audience after the traditional industry chose to ignore them,” said Gerry Maravilla, head of crowdfunding for Seed&Spark. “Audiences are finally getting what they have long wanted; Seed&Spark is working with a deeply underserved market that has been looking for ways to improve representation.”

Recent Seed&Spark funded projects include “Desolation Center” and “Tijuana,” both of which recently premiered at Slamdance; “Building the American Dream,” which will premiere at SXSW; “Pozole,” which is screening at several upcoming festivals; “Bite Me,” “Bring Me An Avocado,” “Auggie,” “WBCN and the American Revolution” and “Made Public,” all of which will premiere at Cinequest in March.

Seed&Spark is an online platform that offers crowdfunding for independent movie and television creators, a streaming subscription service for audiences and educational events for creative talent. Crowdfunding projects and streaming content on Seed&Spark emphasize diversity and inclusion with more than 70 percent coming from women, people of color and LGBTQ talent. The streaming subscription service, available on Apple TV, Roku or online using any device, offers a highly curated library of award-winning movies and television shows with subscribers having the option to pay what they can every month. Since the company was founded in 2012, more than $17 million has been raised for over 1,100 movies and television shows, boasting a campaign success rate averaging 80 percent which is the highest of any crowdfunding platform in the world. Seed&Spark also holds more than 125 educational events every year across the country to help content creators get their projects produced and distributed. The company is headquartered in Los Angeles. More information can be found at www.seedandspark.com.

1: https://www.statista.com/statistics/235405/kickstarter-project-funding-success-rate/
2: https://www.entrepreneur.com/article/269663

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