Feb 24, 2012 6:45 PM GMT
Amazing though it's a bit of a misleading title in that this covers all the funding to all kickstarter projects many of which are less about art (though this brings up an interesting question of what is art). This could have been posted in politics, arts & entertainment or technology I think - but is indicative of what's coming in the future.
One of the company’s three co-founders, Yancey Strickler, said that Kickstarter is on track to distribue over $150 million dollars to its users’ projects in 2012, or more than entire fiscal year 2012 budget for the National Endowment of the Arts (NEA), which was $146 million.
“It is probable Kickstarter will distribute more money this year than the NEA,” said Stricker in an exclusive phone interview with TPM. “We view that number and our relationship to it in both a good and bad way.”
[...] As for projects that have had a real world impact, Strickler pointed to the way that the website has already begun to change conceptions of how to fund movies: 31 films playing at this year’s South by Southwest Festival in Austin, Texas, were funded by Kickstarter donations, over 10 percent of those playing, along with 17 films at the Sundance Film Festival.
“There hasn’t been a tentpole blockbuster, yet,” Stricker noted, “But film is the largest category on the site. It’s raised over $50 million for projects so far.”