19 December 2009 674 Views

$300 YouTube Video Lands Filmmaker a $30 Million Movie Deal

by Dan Koelsch

How’s this for the power of the Internet? Federico Alvarez, a Uraguayan filmmaker, posted a video on YouTube in early November titled “Ataque de Panico” (Panic Attack), and within days received a slue of offers from Hollywood studios to make a feature length film. He eventually settled with Ghost House Pictures, which is run by Sam Raimi, for a cool $30 million. Check out the giant-robot short below, which was surprisingly made for only $300!





Apparently this isn’t that new of news, but I just found out about it thanks to Mashable. The sci-fi film Alvarez is going to do is to be set in Uruguay and Argentina, and won’t be based on his YouTube short. If this sounds familiar, you may remember Neill Blomkamp getting a similar start in the industry, and the similarity hasn’t escaped the industry. Many are already predicting Alvarez to be the next Blomkamp.


What do you think of the video? Is Alvarez as good as the hype?



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