New Film Industry Site Promises Financing through Social Networking

526, a new social network aimed at film industry professionals, is promising to provide a new way to fund movie projects: local and national advertising sales.

The website is part of the AdFILMTies Film Finance Model, a system that sells advertising space on and uses the net revenue generated to fund independent films. The company wants to distribute more than $100 million over the next three years. In addition to financing, the community will also provide support and networking opportunities to filmmakers, screenwriters, directors, producers, actors, crew members, musicians and other artists connected to the film world.

FilmTies founder John DeTitta, himself a self-admitted struggling screenwriter, began beta testing the FilmTies site in October 2005. “It is our goal to provide a social outlet for those we know have the passion and talent to be successful, but may not have the same means and connections necessary to get their projects off the ground,” he said in a statement. “Too many talented individuals do not have the chance to tell their story to the world. Therefore, we have made it our top priority to give everyone with a story to tell the ability to tell it.”

To promote the launch, the company is sponsoring a film contest for high school and college students that will help them pay for school, gain publicity, and develop their professional skills.


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