Crowdfunding The Movies: A Business Analysis of Crowdfinanced Moviemaking in Small Geographical Markets

Braet, Olivier; Spek, Sander; Pauwels, Caroline

doi:10.1080/16522354.2013.11073557

Cited by 17 publications

(10 citation statements)

References 1 publication

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“…This financing method has emerged as a novel way of raising capital for entrepreneurial ventures (Macht 2014), and it frequently occurs through the internet. Crowdfunding has enabled different business types, such as agribusiness, social projects, technological innovation projects and particularly cultural production, without the pitfalls of traditional methods of financing (Braet et al 2013;Lehner 2013;Schwartz 2013;Agrawal et al 2014). We focus on this novel funding method in the case of music.…”

Section: Introductionmentioning

confidence: 99%

The impacts of fundraising periods and geographic distance on financing music production via crowdfunding in Brazil

Mendes‐Da‐Silva

Rossoni²,

Conte

et al. 2015

J Cult Econ

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We conduct an analysis of 1835 pledges to 10 music production projects hosted on the largest Brazilian crowdfunding platform, namely the Catarse Web site, and we assess the relation between the fundraising accumulation period, the donor-entrepreneur distance and the propensity of donors to back projects. Our results suggest a significantly negative association between distance and the value of capital pledged to projects, which is consistent with the notion that the entrepreneur's network of close contacts might play a central role in funding. Furthermore, our results contradict the idea that crowdfunding reduces the inhibiting effect of donor-entrepreneur distance. In addition, the results show that a long project exposure is associated with higher values of pledges. These results suggest practical implications for the study of crowdfunding as a financing platform. This

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Section: Introductionmentioning

confidence: 99%

The impacts of fundraising periods and geographic distance on financing music production via crowdfunding in Brazil

Mendes‐Da‐Silva

Rossoni²,

Conte

et al. 2015

J Cult Econ

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show abstract

“…In general, while the level of complexity is increasing, the monetary return expectancy and risk perception are getting high from the funders' perspective. In addition, less complex crowdfunding models are adopted in the early phases of entrepreneurial projects where less amount of capital is required (Braet, Spek and Pauwels, 2013). In fact, less sophisticated crowdfunding models can benefit from both "keep-it-all" funding mechanism which allows project creators to keep any amount of pledged money regardless of whether the funding goal is met at the end of project duration and the "all-ornothing" funding mechanism where entrepreneurs target a certain amount of fund that must be raised within a project period and the creator gets no money unless the funding goal is not reached (Gerber et al, 2013).…”

Section: 2proposed Positioning Map For Crowdfunding Market In Turkeymentioning

confidence: 99%

Positioning of crowdfunding platforms: Turkey as an emerging market case

Demiray¹,

Burnaz²

2019

Pressacademia

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Purpose -Crowdfunding, as a novel concept, offers an alternative funding method that enables entrepreneurs to realize their original ideas. The aim of this study is to understand how crowdfunding platforms can be positioned in an emerging crowdfunding market. Methodology -Turkey was chosen as a developing market which presents a real potential with newly regulated crowdfunding environment and rapidly flourishing entrepreneurship ecosystem. The analysis proposes a positioning map of crowdfunding platforms depending on two main dimensions: the level of complexity based on regulatory procedures and the level of expertise based on project categories. Findings-Introducing positioning concept into crowdfunding literature broadens understanding of this phenomenon and contributes to the development of assessment criteria for crowdfunding platforms. Conclusion-Platform managers who desire to develop their positioning strategy upon gaps in the crowdfunding market by differentiating their features in order to get advantages over their rivals can benefit using the proposed positioning map analysis.

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“…Thus, website providers may act as intermediaries, orchestrators, rule enforcers, and distribution channels (Ordanini, Miceli, Pizzetti, & Parasuraman, 2011). The design of crowdfunding websites is still evolving and, in order to provide a sufficient revenue stream, future iterations might address varying levels of service (e.g., basic, registered, and premium) to support increasing functionality and levels of technology (Braet, Spek, & Pauwels, 2013).…”

Section: Website Providersmentioning

confidence: 99%

A Conceptual Framework for Understanding Crowdfunding

Beaulieu

Sarker

2015

CAIS

109

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Crowdfunding is a rapidly growing technology-enabled process that has the potential to disrupt the capital market space. In order for this process to work efficiently, it is important to clarify the issues surrounding the phenomenon from the founders', the backers', and the technology providers' viewpoints. We begin with an ecosystem view to understand the stakeholders and their roles in the crowdfunding process. We review the literature with a focus on how current research fits into the overall crowdfunding phenomenon. Guided by typology and classification research approaches, we identify six distinct crowdfunding business models: private equity, royalty, microfinance, peer-to-peer lending, rewards, and donation. Based on identified roles and crowdfunding business models, we propose a conceptual research framework. We conclude by showing how current research fits into our proposed framework and offer suggestions for future research directions.

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Crowdfunding The Movies: A Business Analysis of Crowdfinanced Moviemaking in Small Geographical Markets

Cited by 17 publications

References 1 publication

The impacts of fundraising periods and geographic distance on financing music production via crowdfunding in Brazil

The impacts of fundraising periods and geographic distance on financing music production via crowdfunding in Brazil

Positioning of crowdfunding platforms: Turkey as an emerging market case

A Conceptual Framework for Understanding Crowdfunding

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