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Consider, for example, an unknown producer in Uruguay named Fede Alvarez, who spent about $300 to make the four-minute long movie (above) depicting a robot invasion of Montevideo, the capitol of Uruguay. Alvarez told the BBC, "I uploaded 'Ataque de Pánico! on a Thursday and on Monday my inbox was totally full of emails from Hollywood studios." Since being posted in early November the video has gone viral, currently approaching 2 million views, and has resulted in Alvarez signing a $30 million deal with Sam "Spiderman" Raimi's Ghost House Pictures to make a full-length sci-fi thriller.
Uruguyan director Federico Alvarez created a short film, less than five minutes in length, that showed the destruction of a city by an invading force of flying machines and gigantic robots. The scenes of destruction and the merging of CG and the landscape around them are superbly done, and the closing idea is interesting. However there's not much else. So it's a surprise that on the strength of that short, which you can see below, Alvarez received offers from DreamWorks, Fox, Warner Bros. and the Weinstein Company, and even more surprising that out of all of them he has signed a deal with Sam Raimi's much smaller production company. Ghost House Pictures doesn't really have the kind of scale you would expect for a film version of the following short, but then it could be akin to Cloverfield (Filmstalker review) for what it would be attempting, and not something like Independence Day – I mean that in terms of budgets, effects and scale of production, not in quality terms! - however if they early estimates are right then the budget might well be a little bigger than Cloverfield. The word is that Panic Attack was pounced on when the video started doing the rounds on the Interflab and Federico Alvarez himself reveals on El Pais through ShockTillYouDrop that he made a deal while in L.A. with Ghost House Pictures and it was a mighty nice one, one million dollars to develop a script based on the short he made and with an intended budget from US $30-40 million. Now that's a little bigger than Cloverfield, which was estimated at around $25 million.
Originally posted by RMFX1
I hadn't seen the old post on this OP, so thanks for sharing!