Alternative film site Raindance.tv raises € 600.000

Written on 21st July 2008                                                                                                              2 COMMENTS
Joop Dorresteijn, East Asia correspondent

Good news for alternative movie fanatics out there, Raindance Festival has launched raindance.tv earlier this year and reports that they secured about € 600.000 ($1 million) to accelerate their online operations. The website also signed distribution deals with 8 partners to facilitate the movies to the public.

For those in the blue: Raindance is a well known and (16-year) old film festival for movie outsiders, indies and movie rejects. The festival has hosted an impressive list of guests and filmmakers, including: Christopher Nolan (Memento, Batman Begins), Shane Meadows (Dead Man’s Shoes, This Is England), Ken Loach (Kes, Ae Fond Kiss), Marky Ramone (The Ramones), Iggy Pop, Andrea Arnold (Red Road), Quentin Tarantino, and Lou Reed.

10 months after launch, Raindance.tv is filled with indie short and features films. The low-budget film distributor signed with partners to provide the content, including Daily Motion, Vuze and Joost to provide the content. The video platform license and pay filmmakers royalties from any revenues earned, be it through advertising or pay per view. Elliot Grove, founder of the Raindance Film Festival and the British Independent Film Awards, will act as a senior consultant to the company.