Open House
A New Musical Film by Dan Mirvish

Because finding a home should be something to sing about.

Why Consider Investing?

 If an independent film is successful, the rewards can be enormous.

For example, The Blair Witch Project, which was made for $60,000, grossed over $140 million in theatrical box office receipts in the U.S. alone. At this past year's Sundance Film Festival, a $100,000 digital video film called Tadpole was acquired by Miramax for $5 million. It doesn't matter how well the film does at the box office: Its investors have already made a profit. And even Open House director Dan Mirvish's last film, Omaha (the movie), was recently put out on DVD and stuffed as a promotional disc into 1 of 8 DVD players sold in North America.

Every year, the independent film world produces these little darlings of art and commerce that become huge cross-over successes and strike a nerve with the national zeitgeist. Stars are born, filmmakers elevated to cult status, and investors catipulted to tax brackets they never knew existed. Premiere parties in Hollywood, walking the red carpet in Cannes, and telling Joan Rivers who you're wearing on Oscar night. Yes! All this and more could happen with Open House!

But probably not. The harsh reality is that there are close to 1,000 low-budget, independent feature-length films made annually in the United States. Of these, only about 40 will get any noticeable distribution. And of those 40, at most only about 5 will ever turn a profit for their investors.

Clearly, investing in independent films such as Open House should be considered only by qualified investors and companies who can afford to part with their money and not miss it.

So why consider investing in the film at all? Financially speaking, there are not a lot of other great options right now: The stock market is extremely volatile and far from a safe bet for investors. And interest rates are at all-time lows, so interest-bearing investments are not too exciting, either. But at the end of the day, you should not invest in Open House because you think you will make money. Instead, you should invest in Open House because making movies is fun.

That's right: Fun.

And if you never make a dime on the film, at least you'll eventually be able to write it off your taxes as a loss. Even your accountant will be impressed by how you get your write-offs. (For more detailed benefits, especially for those in the real estate business, go here!)

Speaking of taxes, if you'd rather take that write-off now as a charitable contribution, that's possible, too. Bugeater Films has entered into an agreement with the Los Angeles-based non-profit (501C3) film organization Filmmakers Alliance. Youšll be able to donate money directly to Filmmakers Alliance and they will pass that money on to Bugeater Films, LLC, to be used for the production budget of the film. Filmmakers Alliance will take a 5% administrative fee out of your contribution. Otherwise, all money will go straight to making the film. The only downside for you is if the film ever does turn a profit, you won't be part of that investment pool. (For more details on your financing options, go here.)

Whether it's a direct investment or an indirect donation, the main benefit will be the same: You get to be a part of the unique musical world of Open House. Now that's something to sing about!






Disclaimer:
Investment in a project of this nature involves substantial risks, and should not be undertaken by those individuals or organizations who can not afford those risks. Anyone seriously interested in contributing should consult their own tax professional for complete tax advice. This website should not be construed as a formal offering or complete business prospectus, but rather is designed to give a general overview of the project.