As part of the Edinburgh International Film Festival, rising Scottish film production company, Encaptivate, announced its first option film agreement with author Peter Flannery for his Kindle novel First and Only.
Encapitvate plan to raise the $500,000 funding for the production through crowd funding in what will be the highest ever amount raised for a Scottish film to date.
Already a huge critical and commercial success, psychological thriller First and Only caught the attention of producer Magnus Wake, who set up Encaptivate to make films using techniques and online tools that are just emerging and sees the great potential in the digital age.
‘These days you need to be looking in all kinds of ways to finance and distribute your film. Of course there’s always a place for the established methods, but there are lots of new opportunities out there such as crowd funding’
He continued “We’re looking to create something truly ground breaking. We’re not just asking for a donation; we want to give back rewards that people will love. We’ve got one amazing reward which will bring our backers completely into the film making process. People will hopefully not only want to back this film but will really enjoy doing it”.
Even the genesis for the project was very digital, as Wake explains: “I read the book on my Kindle, found it so gripping that I immediately tweeted Peter the author and jokingly asked whether anyone had the film rights. A year or so on my wife picked up the Kindle and told me about a great book that would be a brilliant film. I knew exactly which one she was talking about. So I tweeted Peter again and now we’re in pre-production. It’s an amazing tale that deserves to be on screen and I’m looking forward to the buzz of the public creating something which will be a bit of a revolution in film production.”
Wake’s plans are certainly ambitious as thousands of projects vie for funding on crowd funding platforms such as Kickstarter and IndieGoGo; but Flannery’s novel already has a solid fan base who should be able to get behind the project.