25 Feb '13, 6am

Kickstarter's #Oscars victory spells tough road for Asia's crowdfunding scene

Kickstarter's #Oscars victory spells tough road for Asia's crowdfunding scene

Kickstarter’s Oscar victory spells tough road for Asia’s crowdfunding scene February 25, 2013 by Terence LEE If there’s an Oscars-related story more fascinating than Anne Hathaway’s unsurprising win for Best Supporting Actress in Les Misérables, it has to be this: a Kickstarter-funded short film has won an Oscar . Inocente — which tells the tale of a 15-year-old girl in pursuit of her dream of being an artist — won the golden statue for Best Documentary (Short Subject). It had raised USD 52,527 from June to July last year. That’s the sixth Kickstarter-funded movie to be nominated for an Oscar — with three of them receiving the nod this year. The win is further indication of how far crowdfunding has come in the United States, but it also points to the challenges that beset Asia’s attempt to replicate the same level of success. Also read: Overview of crowdfunding pioneers in...

Full article: http://sgentrepreneurs.com/2013/02/25/kickstarters-hollyw...

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