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What do the Blair Witch Project, credit cards, and the human conditions need to keep up with the proverbial Jones have in common? Well, one leads to the other.
In the case of the Blair Witch Project, the production costs were funded by credit cards and many homes across the country are watching this movie on their credit card funded HDTV and surround sound while seated on their financed leather sofa.
Of course, this particular movie was a screaming success costing only $35,000.00 to make and grossing over 140 million. This makes it a block busting success, financially speaking. The makers of this movie had faith in their venture and decided to put their money, or their credit cards, where their mouths were when they were unable to get the big production houses to buy in. More and more low budget movies are being made the same way as the Blair Witch Project.
Low budget might not seem like a term one would apply to anything that cost several thousand dollars, but in movie circles, that is really a drop in the bucket . Large budget movies can cost millions of dollars to make, with the cost of one A-list celebrity topping $20M in their salary alone. So, spending a paltry 10-20K on credit card debt to finance a flick truly represents a shoestring budget.
Not all credit card financed low budget films fare as well as Blair Witch, but many prove their directors faith in the project to be well founded. Click the graphic at the left for a list of movies who owe all or part of their funding to the magic plastic of credit card debt.
Perhaps no one believed in their project more than director Robert Rodriguez. He believed so much in his movie, El Mariachi, that he not only maxed out several credit cards, but put his body on the line as well. A significant portion of the $7,000.00 in production costs were garnered from the proceeds of medical testing. Suddenly, your job doesnt seem so bad.
Now the average Joe doesnt stand to increase their credit card debt by 114 times like the makers of The Clerks did, but that is the fundamental difference in the type of debt. The average Joe is not financing a low budget film, which can potentially turn from money pit into money tree, but rather he is charging new shiny toys like an iPod or new shoes.
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