James Franco raising money for 3 films via Indiegogo

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James Franco raising money for 3 films via Indiegogo (1)

James Franco is going the crowdfunding route to raise money for three of his upcoming films based on his 2011 fiction-writing debut.

Like successful Kickstarter campaigns that resulted in making a Veronica Mars movie and Zach Braff’s follow-up to Garden State, James Franco is asking the public for help to finance “Palo Alto Stories,” a series of three feature films based on his book.

The 35-year-old actor launched a campaign on crowdfunding site Indiegogo. Franco said he has provided part of his own money for the projects, but is calling for $500,000 worth of backing for the films to cover production costs. He is pledging to donate all profits from movie sales to non-profit org Art of Elysium. Other incentives include VIP screenings, set visits, personalized videos, and probably more as the money collected goes up.

The three films are based on the book that follows his high school experiences revolving around his hometown of Palo Alto, California. Franco says the book is “supposed to touch on universal things about being a teenager and coming of age and learning about the bigger world.”

On the video posted on his campaign, James said: “This process is very exciting; this is the best way to make movies, because in this way, the movies we want to make get made in the ways that we want to make them. The only considerations are to make the best movies possible, and I see the projects as great opportunities for all kinds of collaboration.”

If everything pushes through, the trio films called “Memoria,” “Killing Animals,” and “Yosemite” will be directed by his “favorite directors at [New York University]” Nina Ljeti, Vladimir Bourdeau, Bruce Thierry Cheung and Gabriel Demeestere.

The campaign closes on July 17 at 11:59 p.m. PT.

Photos by: WENN.com

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