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Swing! The Doc passes $75K!!!

  • Joined 1/11/06
  • 1660
  • Lindy > Swing Talk
  • Posted Thursday, September 6, 2012
  • 2
  • 1
  • 1359

There's only 9 days to go and Swing! The Documentary is 3/4 of their way to their final goal!

One Hundred Thousand sounded like an unreasonable goal, but now that goal is reach! What do you say swing dance community?

http://www.kickstarter.com/projects/swingpictures/swing-0

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  • Joined 12/8/06
  • 689
  • Post #1
  • Originally posted Friday, September 7, 2012 (2 years ago)

Is there any guarantee if Ms. Glatzer collects the $100K, she will, in fact, make the movie? I don't see anything on the Kickstarter site explicitly saying so, and wonder what would happen if she incurs the same legal difficulties that doomed the Frankie95 videos from being made.

Also, the Kickstarter donation page says: "Kickstarter is powered by a unique all-or-nothing funding method where projects must be fully-funded or no money changes hands. In other words, if we donít raise our goal of $100,000, we lose everything." Sounds scary (and an effective tool to encourage others to donate to get to $100K), but I'm not sure how accurate that really is. For one, I don't know how much she's intending to pay herself (if indeed anything) for her services out of that $100K, but if the answer is "whatever she wants", she could very well make the last $25K donation herself in order to get the full $100K and then just pay herself the extra $25K to reimburse her donation. Maybe there's tax issues involved if she did that, but having Googled, the tax laws are ambiguous on whether kickstarter donations are taxable income or just untaxable gifts. But spending $25K to immediately make $100K, as opposed to losing $75K outright because she couldn't get to $100K, she may just go for the former, a decision that, as the donation level gets closer to $100K, would be easier and easier for her to make.

  • Joined 1/20/99
  • 14718
  • Post #2
  • Originally posted Friday, September 7, 2012 (2 years ago)

Glen is always the biggest naysayer.

It sounded like an ambitious goal, but I'm happy that it looks like its in reach!

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