$5 million film being shopped for foreign sales in Cannes
Because the film is scheduled to begin shooting in August, the production won’t have enough time to get bank loans against foreign pre-sale letters. Worldview essentially backstops those loans, supplementing the dollars raised on Kickstarter, which currently amounts to $2.6 million, and an unspecified sum Braff himself has ponied up.
“Worldview may end up providing nothing at the end of the day beyond the gap loan depending on how we do in Cannes,” said Stacy Sher, who is producing the film with Michael Shamberg, Braff and his brother Adam Braff.
Wild Bunch is currently handling international sales for the film at the Cannes Film Festival; CAA will rep domestic rights.
“Wish I Was Here” is expected to cost $5 million, though possibly $5.5 million depending on where the Kickstarter contributions end up. The movie is aiming to shooting in Los Angeles, where its story is set.
There are still nine more days of crowdfunding to go on Kickstarter for the film, which counts more than 38,000 supporters to date.