Kevin Smith: Making 'Red State' With Fan's Money Is 'A Tax Nightmare'
February 27th, 2010 5:20pm EST
Director Kevin Smith has been forced to abandon plans to accept fan donations to fund his movie "Red State" because tax issues have turned the innovative idea into a "nightmare."
The filmmaker first detailed his hopes of turning "Red State" into his next project in 2006, but the horror has been stalled by movie executives, who are wary of its potential to be a box office success.
Fans have recently been quizzing Smith about the state of the project and some of his Twitter followers even offered to finance the film themselves.
Smith was happy to bring his devotees on board as investors - but he soon discovered it wasn't such a good idea after all and he admits the movie's future remains unclear.
He tells MovieHole.net, "Fans on Twitter have been like, 'Hey man, what's going on with Red State?' and I said, 'I can't find money for it. It's bleak, it's dark, I get it, it's not commercial'.
"And so they were like, 'Well what if we paid for it?' And I was like, 'What do you mean?' And they were like, 'Well, what if we just did that fan-funding thing that all these little movies do?' So I was like, 'Well, let me look at it, it becomes more complicated because we're more high profile, but let's see'.
"We got some lawyers to look at it, and it's a f**king nightmare to accept donations to make a movie. A tax nightmare; it sounded so good in theory."