Funded! This project was successfully funded on October 23.

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      Creator Scott DeSapio on December 16

      @Gerhard Thanks. Shipping was included in your pledge. We'll be posting updates soon but please also make sure to sign up for the Atlas Shrugged Movie newsletter to keep up on all the latest: http://www.atlasshruggedmovie.com/signup

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      Creator Gerhard Schonstein on December 16

      Dear Scott
      Thanks for your reply first.
      I could arrange to put all the information in - it was a problem with one of the browsers. I arranged now all my information for sending the DVD and t-shirt.
      One question is still open - I tried to contact you a few days back - I am not from US - how to pay later for the shipping costs of the DVD and T-shirt as I would like to get both very much BUT I do NOT want you to have additional costs for shipping them.
      Anyhow - pl. keep all backers informed about the progress of the film.

      Greetings from Hong Kong

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      Creator Scott DeSapio on December 16

      @Gerhard What information are you referring to Gerhard? Are you referring to the reward survey? What is the URL of the page you're looking for?

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      Creator Gerhard Schoenstein on December 10

      Hi
      The 100 $ page for filling out the information does not work - get only an error message (404)

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      Creator Rob Brown on October 23

      Best money spent on Kickstarter yet ;-)

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      Creator Rick Poach on October 23

      Never a doubt in my mind.
      Congrats to Scott, theASp3 Production team, and all of us micro-producers.

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      Creator Galit on October 23

      3.554 backers and $446,907 ... Congratulations!! =)

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      Creator Alan&Pam Peitsch on October 22

      This is a GREAT idea! Love being a part of it.

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      Creator Judy Keefe on October 22

      Wooo wooo! Great to be a backer! I can't wait for the movie to come out! I sure hope they don't run into any problems. I would think there would be some news on casting by now. I have hope though!

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      Creator Josh on October 22

      $400K Woot Woot!

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      Creator Scott DeSapio on October 20

      @Kevin Thanks Kevin.

      RE: "Any word on the cast yet?"
      No casting decisions yet.

      RE: "Any idea on how wide of a release we might see?"
      No definitives yet.

      RE: "...is there any chance the film may be offered by way of a stream?"
      We're looking into it.

      Thanks again Kevin. Glad to have you on board.

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      Creator Scott DeSapio on October 20

      @MattFranke Welcome to the team Matt. Glad you made it.

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      Creator Kevin McNamee on October 19, 2013

      Any word on the cast yet? Any idea on how wide of a release we might see? If it's not going to be a wide release is there any chance the film may be offered by way of a stream? Lastly congrats on making the goal, I'm excited to see the final chapter.

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      Creator Matt Franke on October 18, 2013

      Thanks first to Scott for putting this together and all the hard work and dedication. Thanks, next to anyone else who donated, way to put yourself into something you believe in. And finally, thank you everyone, the world over, who has ever read Atlas Shrugged, and then decided to improve yourself, in whatever way you felt you needed to. We are the ones who are bettering the world, one sovereign, sentient, flesh-and-blood human being at a time.
      "I swear by my life and my love of it, that I shall never live for the sake of another man, nor ask another man to live for mine."

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      Creator Scott DeSapio on October 14, 2013

      @Peter Hi Peter. We'll be sending out a questionnaire at the end of the campaign asking for sizes, shipping addresses, contact info, etc. Thanks.

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      Creator Peter Gates on October 14, 2013

      How do you know what t-shirt size we need? Do you contact us?

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      Creator For Good Measure on October 13, 2013

      Josh -
      The basic problem is that the internet lists 2 companies but only 1 film in pre-production. The Atlas Society says that Atlas Shrugged 3 will be made by Atlas Productions LLC (APLLC). Kickstarter proceeds flow to Atlas Shrugged Part 2 Productions LLC (ASP2LLC), who issued debt of $16 million in February 2012. Atlas Shrugged Part 2 was released the following fall and had box office take of $3.3 million.

      Kickstarter scams: I'll note that a couple of them have been averted by patient questioning of the creator and last minute cancellation.

      I agree that Scott has been a good guy, but as I noted upthread this isn't his film. He doesn't even live in the same state as the Executive Producers: AFAIK he handles their website. I don't even know how many face to face meetings they have had.

      Don't get me wrong. Atlas Shrugged Part 2 Productions LLC might provide a routine mechanism to conduit returns between the major investors and stakeholders. Or it could have functions that I am unaware of. The internet may contain inaccuracies. I simply don't know.

      http://www.atlassociety.org/Atlas-Shrugged-Part-3-greenlight
      http://www.formds.com/issuers/atlas-shrugged-part-2-productions-llc

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      Creator Josh on October 12, 2013

      For good measure, I can see that you are trying to clarify what we know from what we don't know. Thank you for that. However, wondering how a business called ASP2 can make a movie called ASP3 is laughable. I see that as the same as 20th Century Fox making a movie called Star Wars. There is absolutely no reason they should HAVE to change their name. All they would need to do is to file for a DBA, if they chose to go by a different name.

      As Kickstarer will tell you, if they choose not to make the movie or distribute there is liitle you can do. This is no store and there are no guarentee or refunds. Just search online for "kickstarter scams" and you will see that there is almost nothing that you could do except a class action claiming fraud. The only value (for sure) you are getting is that they will have the money for distribution/advertising. Some of us have noticed that advertising and distribrution could have used more attention. The "value" is that they will have the money they need to complete that task better as we all want to see this movie in media and "at a theater near you." Any other "value," that you might think you will get, should be taken as a promise by a friend named Scott. My friend, Scott, has always been forthcoming and honest (including about things he doesn't have the answer). I trust Scott to make his best effort to fulfill his promises.

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      Creator For Good Measure on October 12, 2013

      This could be the most memorable Atlas Shrugged so far. The producers have dreamed of putting Galt's speech on the screen for over 20 years. In a comparatively brief amount of time, their plans will reach fruition: expect grandeur.

      Back to the previous post. Kickstarter backer funds flow to Atlas Shrugged Part 2 Productions LLC. It currently has no liquid assets. Who will have access to this account? Who has executive control? Who has ownership of it? Is the idea to keep these funds segregated from the capital provided by the major Atlas Shrugged Part 3 investors and stakeholders? Since this project is defined as a marketing exercise, I could imagine that the costs applied to Atlas Shrugged Part 2 Productions LLC could be quite low, while the revenues would equate to Kickstarter proceeds plus marketing costs expensed to Atlas Shrugged Part 3. It depends on how the deal is structured. At any rate ASP2 LLC could become a deservedly high accounting profit center.

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      Creator For Good Measure on October 10, 2013

      The pot continues to accumulate. Woo-hoo! Upthread projections had proceeds topping $900,000 and given the typical burst of activity during the last 4 days of most projects, this is entirely possible. I trust management to make the best call they can, though obviously I believe in general that more transparency is better for everyone.

      Personally I think that if the financial principals don't want to be publicly associated with this production, then that's their understandable prerogative. I was just trying to work out a convenient method of gauging the level of outside support in a concrete and verifiable manner. But can a bank letter be arranged? I had in mind one that would be addressed to Kickstarter that would authenticate the $10 million on deposit and what organizations and people have access to it. I still can't figure out why we're backing Atlas Shrugged Part 2 Productions LLC.

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      Creator For Good Measure on October 10, 2013

      Most Kickstarter projects run on the advanced purchase/charity/partner model. Atlas Shrugged 3 is a little different: it's based on the value-for-value proposition we discussed earlier. We approach this enterprise like businessmen.

      So let's start with a few routine metrics.

      For Atlas Shrugged 2, what was the revenue as broken down between domestic cinema, foreign cinema, domestic DVD/Blueray sales and foreign DVD/Blueray sales? What were the total costs as broken down between pre-production, production and post-production (including marketing)? Please provide similar figures for Atlas Shrugged 1. Some (not all) of this information is on the web, but much of it is contradictory. So clarification would help. Also, numbers reported in this thread are backed by Scott's fiduciary commitment, giving them added weight.

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      Creator Rick Poach on October 8, 2013

      $300,000!

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      Creator bobt on October 8, 2013

      Gentlemen - Let me put an answer to the problem that many seem to have with this project. I have decided to back this project based upon their past history of getting the movies to market and having them well done. If there is not enough information available with what is presented on this site then don't back it and put you money to use somewhere else. I have invested more that the cost of seeing the movie and less than the $10M to make the movie and if nothing comes of it then great but that is not what I believe will happen. If you don't believe that at a specific dollor level of backing that the reward can be delivered then don't. But if you believe that no matter what help making this movie is important then back them with at least a dollar and don't worry about being in the movie.

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      Creator Josh on October 8, 2013

      I am not worried the movie won't be made. However, I would worry that the timeline for the project is off. If more time is needed to secure cast and director will the project be rushed like episode one to meet the deadline or will the time be taken to do it right at the expense of the current timeline? Is this timeline self imposed or imposed by outside forces?

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      Creator For Good Measure on October 8, 2013

      To be fair, we don't really know what is happening among the Atlas Shrugged 3 team, so I'm actually fairly understanding about a refusal to answer questions. At the same time, I also think it's the duty of the backers to ask them. Backers need to know what they know and what they *don't* know.

      I won't ask whether the screenplay has been finalized, because that's what a director does. And the director has not yet been chosen, though filming starts this month. It concerns me when Kickstarter backers might be funding the equivalent of vaporware. I'm not saying this is the case: I'm just requesting the sort of ordinary documentation due to any advance purchaser or extender of credit. It still surprises me that management palmed off the Kickstarter financing process on an employee without direct knowledge of the underlying business. From time to time directors will mortgage their homes to create the sort of film they want to bring to the public. It's more unusual for production assistants and those without line authority to do so.

      It is noteworthy and remarkable that Scott is taking on such personal financial liability. If I understand Kickstarter guidelines correctly as the designated creator he is legally bound to refund all Kickstarter money if this $10 million film is not delivered.

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      Creator Hash on October 6, 2013

      I agree with @ForGoodMeasure that the more information as you can provide about the details of the project the better. For many of the kickstarter rewards, and especially for the more expensive ones, the "value for value exchange" does rest upon the assumption that the movie would be of a comparable budget and quality to the last 2, as the $10 million budget would indicate.

      It isn't true that @ForGoodMeasure's "line of questioning suggests that you may think you are being asked to "invest" in the film and risk financial loss if the film is not successful". @ForGoodMeasure made a pretty clear point: "A movie with half the budget -or less- would have a very different feel and represent a qualitatively different set of awards for the backers. ".

      This is entirely true, and is not about investing in the movie, but about the value that the kickstarter rewards represent. Yes the button says "Back this Project" but that is not the only value backers are seeking when the make a pledge - part of the value is also the reward that comes at that pledge level, and the value of those rewards, especially at the higher pledge levels, depends substantially on the movie's total budget.

      This is a good reason for providing as much information as possible about the financing of the movie, and I think doing so would encourage more backers to come in with their pledges.

      That said, having read about the history of the first 2 movies and judging from their quality which I feel is generally quite high, I am quite confident that everything is as claimed and that the 3rd movie will be made to the same or a higher standard than the last 2 (though IMHO it will be difficult to top Taylor Schilling as Dagny!)

      Nevertheless, it does all boil down to this:

      FGM: "How did you secure funding without the main actors in place, never mind the director or even location of the film?"
      SDeS: "It's Atlas Shrugged."

      Yes, that does explain it. But at the same time, a central theme of Atlas Shrugged and Objectivism is not taking things on faith but relying on objective, observable facts. Many of the potential backers of this project may consider the evidence from the last 2 movies and the history of the project sufficient to make a pledge, but others may want more hard evidence about the specifics of this project, and not rely on past performance.

      So @ForGoodMeasure's questions are definitely important ones to address and doing so would likely encourage more backers to come in, as well as reassure existing backers.

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      Creator For Good Measure on October 6, 2013

      Permit me to back up a little.

      As I see it, creators and backers are engaging in a new and unusual sort of exchange. On the one side there is a promise of a $10 million movie, plus knick knacks (t-shirts, DVDs), plus what I'll call "Good feelings", justifying a premium on the same. (Also higher level rewards.) On the other side people chip in credit. Backers are creditors simply because funds are forwarded months before rewards are fully delivered. Backers are certainly not equity holders or bondholders, but they share similar concerns and qualitatively similar risks, far more so than that reflected in the ordinary sort of quid pro quo market transaction. Refer to Kickstarter guidelines.

      So I argue that my questions are entirely legitimate - but so is refusal to answer! Nobody is forcing anybody to back anything - but that said I make no apologies for asking routine questions about creditworthiness, deal structure, or the underlying business model or product. Backers are not typical investors, but they are not arms length consumers either. They exist in some space in between. So due diligence is a relevant consideration, highly relevant given the novelty of this transaction and project.
      ---
      Yes, I have followup questions along the same lines, but I'll pause on this note:

      FGM: "How did you secure funding without the main actors in place, never mind the director or even location of the film?"
      SDeS: "It's Atlas Shrugged."
      FGM: "Heh. Touche!"

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      Creator Scott DeSapio on October 5, 2013

      @ForGoodMeasure Your line of questioning suggests that you may think you are being asked to "invest" in the film and risk financial loss if the film is not successful. This is not the case. Like all Kickstarter projects, the Atlas Shrugged campaign offers no financial reward or guarantees.

      Backers of the campaign are engaging in a voluntary value-for-value exchange. If you find reason to doubt the validity of the campaign, lack confidence in our ability to deliver on the pledge rewards, consider my answers to your questions insufficient, or are uncomfortable in any way, you should not pledge.

      Now, to your questions...

      RE: "Is there a third party that can vouch for this 10 million dollar budget?"
      No. The movie is privately funded.

      RE: "Who are the main financial principles?"
      The same investors as Part 2.

      RE: "How did you secure funding without the main actors in place, never mind the director or even location of the film?"
      It's Atlas Shrugged.

      RE: "Who if anyone provides loans?"
      No loans.

      RE: "What liquid assets does Atlas Shrugged Part 2 Productions LLC retain today?"
      None.

      RE: "What additional flexibility do the producers have by transferring Kickstarter proceeds to a film that was released last year?"
      "Atlas Shrugged Part 2 Productions LLC" is not a film. It's a company.

      The following conversation may also be of interest: http://www.galtsgulchonline.com/posts/c1e4c2/im-making-the-argument-against-someone-volunteering

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      Creator For Good Measure on October 5, 2013

      Scott -
      I really appreciate your candor - you've been a standup guy. I noticed that funds transfer to Atlas Shrugged Part 2 Productions LLC, Kickstarter, Inc. No worries, but I'm surprised that the production company for Part 3 had not been set up yet.

      The guidelines here state that backers are responsible for due diligence- not Kickstarter itself which provides the web platform. So here it goes. Is there a third party that can vouch for this 10 million dollar budget? Who are the main financial principles? How did you secure funding without the main actors in place, never mind the director or even location of the film? It never occurred to me that was even possible - but this is an indie project so I understand that financing can be more fluid. Who if anyone provides loans? I realize that you might not have direct access to internal financial statements, but maybe you could pass the word on to one of the Executive Producers. At Kickstarter it's best to have ironclad assurances about key deliverables, for example the $10 million budget. A movie with half the budget -or less- would have a very different feel and represent a qualitatively different set of awards for the backers.

      What liquid assets does Atlas Shrugged Part 2 Productions LLC retain today? What additional flexibility do the producers have by transferring Kickstarter proceeds to a film that was released last year?

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      Creator Scott DeSapio on October 4, 2013

      @Charles Welcome to the team Charles.

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      Creator Charles R Sebrell on October 4, 2013

      Good to see the pledge amount steadily increasing! I must admit I was skeptical when I signed on. Read the book late '50s and always thought that one day there would be movie, and after 60 years voila! It's the message and mindset that I am glad to see being put to film!

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      Creator Scott DeSapio on October 4, 2013

      @Corner Glad to have you.

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      Creator Corner Film Productions on October 4, 2013

      Looking forward to seeing the movie and reading the screenplay – I'm a writer and have been waiting for years to see how filmmakers will portray "This is John Galt speaking."

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      Creator Scott DeSapio on October 3, 2013

      RE: "What's the budget?"
      $10 million.

      RE: "Has that $10 million been secured?"
      Yes.

      RE: "We can consider that a deliverable, right?"
      Yes.

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      Creator For Good Measure on October 3, 2013

      Scott-
      Well, July is part of the third quarter, but I take your meaning.

      The first page says the film is already funded. What's the budget? Googling around I see that parts I and II together cost about $30 million. At Salon.com the Executive Producer said that Part 3 would cost $10 million and that he hoped the film would appeal to liberals. Has that $10 million been secured? We can consider that a deliverable, right?

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      Creator George Logue on October 1, 2013

      Congratulations! $260K with 21 days left to go. Just amazing! And we didn't even have to use anyone from ACORN!

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      Creator Scott DeSapio on October 1, 2013

      @ForGoodMeasure We are self distributing. No cast decisions yet. We'll probably release closer to the the 3rd quarter of 2014.

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      Creator For Good Measure on October 1, 2013

      Scott-

      It's unusual for someone without line authority to run a Kickstarter campaign - in fact, I've never heard of such a thing before. Of course this is a new approach to financing anyway. At any rate congratulations on hitting your target.

      I'm a little surprised that a director hasn't been chosen, given that filming is scheduled to start this month. What studio will be distributing the film? Who will play the main leads? It is slated to open July 4, 2014, right?

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      Creator Matthew John on October 1, 2013

      Funding goal achieved! Now on to stretch goals!

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      Creator Rick Poach on September 30, 2013

      7 days, 14 hours, 49 minutes.
      Congrats to the Atlas Shrugged Marketing & Production Teams, and to all of us Micro-Producers!

      I swear by my life and my love of it...

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      Creator Joe Hayes on September 30, 2013

      Less than a $1000 to go!

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      Creator Wilford Ross on September 30, 2013

      Come on people, let's bring it home. Less than $1500 to go!

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      Creator Scott DeSapio on September 30, 2013

      @ForGoodMeasure I'm an Associate Producer on the film. A Director has not yet been selected.

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      Creator For Good Measure on September 30, 2013

      I'm confused. Is Scott DeSapio the director of Atlas Shrugged 3?

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      Creator Scott DeSapio on September 30, 2013

      @Tom Happy to have you back it. Thanks Tom.

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      Creator Tom Palermo on September 30, 2013

      Happy to back this much needed message!

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      Creator Scott DeSapio on September 30, 2013

      @Tyler. You are a producer Tyler and we're glad to have you involved.

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      Creator Tyler H. Reese on September 30, 2013

      Wish I could give more, but definitely glad that I could support this cause!

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      Creator Scott DeSapio on September 30, 2013

      @Brian Like meeting a new old friend.

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      Creator Brian Fischer on September 30, 2013

      I love when Im out wearing my "who is john galt?" T shirt and I get positive responses from total strangers!

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