Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revisionPrevious revision
Next revision		Previous revision
studio-financials [2017/06/29 12:07] – [Financial Report] Carlos Pedrazastudio-financials [2018/10/23 15:44] (current) – [The Other First Fan-Funded Studio] Carlos Pedraza
Line 4: Line 4:
 ====== Thin Financial Report and a New Crowdfund Campaign ====== ====== Thin Financial Report and a New Crowdfund Campaign ======
  
-//**Is Studio Fundraising Campaign an End Run Around Settlement Crowdfunding Prohibition?**//+//**Ten Months Later, So-Called Independent Report Mysteriously Disappears From Axanar Website**//
 {{TOC}} {{TOC}}
 <WRAP> <WRAP>
Line 10: Line 10:
 </WRAP> </WRAP>
  
 +<WRAP round important>
 +<wrap lo><wrap em>UPDATE</wrap> On January 24, 2018, Axanar's Donor Memo and Financial Report was discovered to have been [[http://www.axanarproductions.com/wp-content/uploads/2017/03/Axanar-Donor-Memo-08-Mar-17.pdf|removed]] from the Axanar website. Fortunately, the document is archived elsewhere. [[https://www.yumpu.com/en/document/view/57338222/lay-in-a-course-for-the-future|Read here »]]</wrap>
 +</WRAP>
 + 
 Axanar has released its long-promised financial review, part of a package of news for its donors, including some of its future plans post-lawsuit and a new crowdfunding campaign to pay for the rent of the studio it built with donations meant to produce a film. Axanar has released its long-promised financial review, part of a package of news for its donors, including some of its future plans post-lawsuit and a new crowdfunding campaign to pay for the rent of the studio it built with donations meant to produce a film.
 +
 +<WRAP round download>
 +{{ ::childrens-book.jpg?nolink|}}
 +<wrap lo>**COMIC BOOK** AxaMonitor has published a digital comic book, "[[think_children|Think of the Children]]," that offers a lighthearted, easy-to-understand explanation of Axanar's finances.</wrap>
 +</WRAP>
  
 In a seven-page memorandum emailed to his donors on March 8, 2017, Axanar producer [[Alec Peters]] laid out his plans for: In a seven-page memorandum emailed to his donors on March 8, 2017, Axanar producer [[Alec Peters]] laid out his plans for:
Line 26: Line 35:
 </WRAP> </WRAP>
  
-Peters [[summary_fact_check|announced]] the review in November 2015 following a court filing by the plaintiffs, [[CBS]] and [[Paramount Pictures]], in their year-long [[copyright infringement]] [[lawsuit]] against Peters and Axanar that eventually [[axanar_settles|settled]] out of court in January.+Peters [[summary_fact_check|announced]] the review in November 2016 following a court filing by the plaintiffs, [[CBS]] and [[Paramount Pictures]], in their year-long [[copyright infringement]] [[lawsuit]] against Peters and Axanar that eventually [[axanar_settles|settled]] out of court in January 2017.
  
 ==== Personal Spending ==== ==== Personal Spending ====
Line 36: Line 45:
 Peters had long claimed he had put in $150,000 of his own money to keep Axanar afloat after donor money ran out in 2016, essentially paying back the questioned expenses and the salary he had claimed in 2015. The plaintiffs denounced that as an "after the fact" transaction intended to obfuscate how he had actually spent the money in real time. Peters had long claimed he had put in $150,000 of his own money to keep Axanar afloat after donor money ran out in 2016, essentially paying back the questioned expenses and the salary he had claimed in 2015. The plaintiffs denounced that as an "after the fact" transaction intended to obfuscate how he had actually spent the money in real time.
  
 +----
 <WRAP> <WRAP>
 //**__‘What the report lacked was any documentation whatsoever — for expenses or income — especially the personal cash infusion Peters claimed he and others put into the corporation.’__**// <wrap indent>— //‘No Documentation’//</wrap> //**__‘What the report lacked was any documentation whatsoever — for expenses or income — especially the personal cash infusion Peters claimed he and others put into the corporation.’__**// <wrap indent>— //‘No Documentation’//</wrap>
Line 135: Line 145:
 >  We've got to get the studio on sound financial footing.  And then we'll work on the budget for the two [//Axanar//] segments.(([[yout>HuNVuYeAmKs|Axanar Lawsuit Settlement with Alec Peters, Trekyards Podcast #33]], 2/12/17.)) >  We've got to get the studio on sound financial footing.  And then we'll work on the budget for the two [//Axanar//] segments.(([[yout>HuNVuYeAmKs|Axanar Lawsuit Settlement with Alec Peters, Trekyards Podcast #33]], 2/12/17.))
  
 +----
 <WRAP> <WRAP>
 //**__<wrap lo>« The Misconception: You make rational decisions based on the future value of objects, investments and experiences. The Truth: Your decisions are tainted by the emotional investments you accumulate. »</wrap>__**// <wrap indent>— //David McRaney, The Sunk Cost Fallacy//</wrap> //**__<wrap lo>« The Misconception: You make rational decisions based on the future value of objects, investments and experiences. The Truth: Your decisions are tainted by the emotional investments you accumulate. »</wrap>__**// <wrap indent>— //David McRaney, The Sunk Cost Fallacy//</wrap>
Line 152: Line 163:
  
 Peters failed to reply by the time this article was posted. He had previously boasted about his soundstage's capabilities compared to studio spaces in the Los Angeles area, stating Industry Studios would be able to command rental rates of $3,000-$5,000 a day. He neglected to mention his competitors offer soundproofed facilities.(([[http://fanfilmfactor.com/2017/02/19/correction-it-was-not-cheaper-as-far-as-i-can-tell-for-axanar-productions-to-build-a-studio-than-to-rent-one/|"Correction: It was not cheaper (as far as I can tell) for Axanar Productions to build a studio than to rent one," Jonathan Lane, Fan Film Factor blog]], 2/19/17.)) Peters failed to reply by the time this article was posted. He had previously boasted about his soundstage's capabilities compared to studio spaces in the Los Angeles area, stating Industry Studios would be able to command rental rates of $3,000-$5,000 a day. He neglected to mention his competitors offer soundproofed facilities.(([[http://fanfilmfactor.com/2017/02/19/correction-it-was-not-cheaper-as-far-as-i-can-tell-for-axanar-productions-to-build-a-studio-than-to-rent-one/|"Correction: It was not cheaper (as far as I can tell) for Axanar Productions to build a studio than to rent one," Jonathan Lane, Fan Film Factor blog]], 2/19/17.))
 +----
 <WRAP> <WRAP>
 //**__<wrap lo>Peters’ proclamation of a lofty new mission for Axanar actually is not the first fan-funded studio. That claim belongs to Legion M, established in 2016.</wrap>__**// <wrap indent>— //‘First Fan-Funded Studio’//</wrap> //**__<wrap lo>Peters’ proclamation of a lofty new mission for Axanar actually is not the first fan-funded studio. That claim belongs to Legion M, established in 2016.</wrap>__**// <wrap indent>— //‘First Fan-Funded Studio’//</wrap>
Line 206: Line 217:
 Peters' lofty new mission for the yet-to-be nonprofit actually is not the first fan-funded studio. That claim belongs to [[http://thelegionm.com|Legion M]], "the first studio in history built from the ground up to be owned by fans." Peters' lofty new mission for the yet-to-be nonprofit actually is not the first fan-funded studio. That claim belongs to [[http://thelegionm.com|Legion M]], "the first studio in history built from the ground up to be owned by fans."
  
-LegionM was founded a year before Peters' announcement.(([[http://variety.com/2016/digital/news/legion-m-crowdfunded-studio-jobs-act-1201726003/|"Startup Legion M Launches Crowdfunded Studio That Lets Fans Buy Piece of Company," Variety]], 3/9/16.))+Legion M was founded a year before Peters' announcement.(([[http://variety.com/2016/digital/news/legion-m-crowdfunded-studio-jobs-act-1201726003/|"Startup Legion M Launches Crowdfunded Studio That Lets Fans Buy Piece of Company," Variety]], 3/9/16.))
  
 {{:axamonitor-ico.gif?nolink|}} {{:axamonitor-ico.gif?nolink|}}
Line 216: Line 227:
  
 ---- ----
-**Keywords** {{tag>Axanar Nonprofit Crowdfunding}}+<wrap right>**Keywords** {{tag>Axanar Nonprofit Crowdfunding Financials Fact_check}}</wrap>