$300 YouTube video earns $30 million contract.


I just read a story about Fede Alvarez, an independent filmaker who made the “Ataque do Panico!” video making the rounds on YouTube. The video cost a mere 300 dollars to make, and Alvarez has now landed a contract with Sam Raimi’s Ghost House Pictures. The contract is for 30 MILLION dollars. Looks like the remake of The Iron Giant will be much bloodier than the original.


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