Fan-funded Nazi UFO movie has raised $7.65 million

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Dec 14, 2012, 4:31 PM EST

You must have loved the trailer for that Nazi UFO movie we showed you last week, because thanks to fan donations, the project has already pulled in 90 percent of the feature-length project's $8.5 million budget.

Iron Sky's premise is that Nazis in flying saucers escaped to the moon during the closing days of World War II, and in 2018 they return to conquer the Earth. Casting for the film is almost done, and filming will begin in Australia and Germany later this year.

Though Iron Sky's success in pulling in fan funding might encourage others to create films in which the audience and investor are the same, special-effects guru Samuli Torssonen warns that theirs is a special case.

"We didn't come out of nowhere," he said. "We've been building our Internet community and visibility since 1999, with Star Wreck. You have to invest a lot of time and energy to win the trust of the Internet audience."

(via wired)