Michael Bay to Produce Low-Budget Found Footage Movie ‘Raindrop’

Published 2 years ago by , Updated September 27th, 2013 at 12:16 pm,

Michael Bay set photo Michael Bay to Produce Low Budget Found Footage Movie Raindrop

Michael Bay isn’t really a name that many people would associate with low-budget, high-concept movies (more the exact opposite of that, to be honest), but through Paramount Pictures and his own company Platinum Dunes, Bay bought a pitch for a $13 million dollar found-footage movie about time travel called Almanac, which is now in post-production and set for release in February 2014.

Paramount already has a massively profitable low-budget found-footage series on the go – the Paranormal Activity movies cost around $5 million to make and average a box office take of $180 million each time, turning this small investment into a tidy annual earner for the studio. Presumably Almanac is shaping up well in post-production, because Bay and Paramount have already decided to make a move on another project from the same writers.

Very little is known about Raindrop, the latest script from Almanac writers Jason Pagan and Andrew Stark, aside from the fact that it is also a high-concept sci-fi found-footage movie designed to be produced on a small budget. THR reports that Platinum Dunes and Paramount Pictures snapped up the pitch for Raindrop very quickly, though they may wait to see how well Almanac performs at the box office before pushing Raindrop into production. THR sources say that Raindrop is being envisioned with a slightly higher budget than Almanac.

It certainly is interesting to see this movement towards low-budget productions in a genre that traditionally places quite a lot of demands on special effects and therefore on a decent budget, but the appeal of the found footage aesthetic is one that is proving beneficial for filmmakers trying to get small, original sci-fi projects off the ground. Josh Trank’s Chronicle set a precedent for such movies that we’ll likely be seeing the influence of for several years to come, and if Almanac proves a success then it will bode well for the future of low-budget, high-concept sci-fi.

Paranormal Activity 2 mirror scene Michael Bay to Produce Low Budget Found Footage Movie Raindrop

Paramount’s found footage series ‘Paranormal Activity’ has a famously large profit margin

It”s nearly impossible to judge the potential merits of Almanac, or indeed of Raindrop, since no promotional materials or real details have yet been released for the former movie and both the writers and the director, Dean Israelite, are unknowns with no other feature films yet under their belts. The cast of Almanac features a smattering of vaguely recognizable faces, such as Jonny Weston from Chasing Mavericks and Gossip Girl‘s Sofia Black D’Elia, but it seems like the big draw for Almanac will be its concept – whatever that is.

If there’s one thing that Bay is definitely good at, it’s making money, so we’ll definitely be keeping an eye on both Almanac and Raindrop to try and find out what kind of potential he saw in them.


Almanac is out in theaters on 28th February, 2014. We’ll keep you updated on any further details about Raindrop.

Source: THR

Follow H. Shaw-Williams on Twitter @HSW3K
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  1. can Michael bay really dosmall budget lol

  2. I wonder if ‘raindrop’ was inspired at all by ‘chubby rain’ from the movie Bowfinger! If so, I’m in! If anybody gets that reference

    • This is one of my favorite movies, and you are amazing.

      • Gotcha suckers

        • Yesss! I love the part where Bowfinger explains that Interview with the vampire is actually a fly on the wall documentary

    • And somehow ‘Almanac’ is actually based on “Fake Purse Ninjas.” ;)

  3. WOW! two things together that I can’t stand, “Michael Bay” and “found footage”, combined with a third thing that is easily the kiss of death, “low budget”.

    This film is already on my “do not watch” list, and they haven’t even started filming yet.

    • How exactly is low budget the kiss of death?

      • Yeah low budget isn’t always a “kiss of death”. Two examples are Garden State cost $2.5 million to make, Lost in Translation cost $4 million and Bronson cost $230,000 and Primer cost $7,000. All of these “low-budget” movies were very good.

        • Sorry I meant 4 examples

          • Wait, what?

            Random post?

      • He probably thinks all movies should cost at least $100million to make or they’ll suck.

        • Absolutely not, and I’ll thank you to keep your suppositions about what I think to yourself. there are lots of great low-budget films.

          Maybe I should have been more precise in my writing, but since we can’t come back and edit our comments, let me try to clarify:

          “add low budget to the two previous issues, and to me that adds up to the kiss of death for a film”.

          is that clearer as to what I think?

      • add “low budget” to “Michael Bay” and “found footage” and you get kiss of death.

        almost always, when they emphasize that it’s a “low budget” film and then mention “found footage” it’s just a crappy excuse for bad film making. In my opinion, there are very few “found footage” films that really deserve merit. Not none, but very few.

        • That’s more like it, helps others understand what you mean when you explain it better.

          Less of the condescending tone too, you oaf. If I didn’t think you were a word that would put my comment under moderation due to the above post you made in reply to me, I’d have agreed with you about the “very few are good” comment, even if we differ in those choices of film.

          Otherwise, you’re completely beneath me because of it so….

          • Can one really accuse one of being condescending whilst being condescending? And if one is accusing one of being condescending in such a way that it implies being condescending is a negative thing, does it not make one a hypocrite if one is also condescending whilst condemning another for being condescending?

          • Do you know what the word “condescending” means?
            I stated MY opinion of this sort of film, based upon MY experience in film-making, without tearing down anyone else’s opinion or statements. So how was I “condescending”?

            Ironic (and yes, the proper use of irony here) that you would call me “condescending” then proceed to post a lengthy tirade against me that is oozing condescension.

            I’m amused that you can tell from a post that I am “completely beneath you”. It’s nice to see that your ego is intact.

        • “Rec”, “Quarantine,” “Paranormal Activity 1 and 3″, “The Blair Witch Project”, “V/H/S”, “Chronicle”, “Cloverfield”, some aspects of “Sinister” and “Vacancy,” etc… You really need to stop criticizing things you clearly do not understand. Run along now…

          • I’m sorry, I don’t quite understand your comment. Are you saying that I didn’t “understand” those films?

            I think rather that you didn’t understand my comments, or didn’t bother reading them properly.

            *I* don’t like found footage films, I’ve fond very few where the gimmick is really justifiable. Two that I happen to have loved are Chronicle and Cloverfield. All of the others you named I consider to be bad film-making. “bad film-making” … notice those words? I DO understand, probably better than you do. How many years have YOU worked in the movie industry?

            you can love the films you want, I don’t mind. more different opinions means more different films get made. But *I* don’t like a gimmick when it is used haphazardly and is combined with a poor knowledge of film-making. The “proof” I offer is that none of the non-found footage films by these film makers you listed (with exceptions, J.J Abrams, obviously) contain good film work.

            I don’t care anymore. Do like all the other screen ranters, call me names. I’m used to it. people come here to b*tch and moan and insult others. it’s expected. intelligent conversation seems to be at a premium here. As is actual knowledge of the field of cinema.

    • I really hated ‘found footage’ until about half an hour into Chronicle. Not a ridiculously small budget, but it looks pretty damn good for $12mil. Granted, I haven’t really watched another low-budget/found footage film since, but I’m less violently against them since.

      I guess it depends on whether the low budget or found footage aspects are a choice (they don’t want the film to be ‘overdone’) or forced – they have no money and can’t afford a decent cinematographer or something.

    • “Memento” for 2 million. Best Picture Oscar-winning “Crash” for 6.5 million. “The Blair Witch Project” for a microscopic 15 thousand. Yeah, nobody likes any of these movies. Someone should make a film called “Kiss of Death,” about the failing magazines that publish your movie criticism.

  4. Never heard of Almanac until now but it sounds interesting.

    I love found footage movies (unless they’re dull, like Paranormal Activity and some others) because it provides a unique perspective on a movie’s goings on (see Cloverfield or Cannibal Holocaust or the pretty good Grave Encounters for examples of the genre’s greatest movies, not to mention Chronicle as Hannah mentioned).

  5. ????????????????

    • Is this a game of Hangman?

      I’ll take a guess at the word having the letter I.

  6. I’ll netflix it .. maybe .

  7. Less of the condescending tone too, you oaf. If I didn’t think you were a word that would put my comment under moderation due to the above post you made in reply to me, I’d have agreed with you about the “very few are good” comment, even if we differ in those choices of film.

    • Less of the condescending tone too, you oaf. If I didn’t think you were a word that would put my comment under moderation due to the above post you made in reply to me, I’d have agreed with you about the “very few are good” comment, even if we differ in those choices of film.

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