YouTube Video Lands $30 Million Movie Deal [VIDEO]

 By 
Pete Cashmore
 on 
YouTube Video Lands $30 Million Movie Deal [VIDEO]
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Fede Alvarez's Ataque de Panico (Panic Attack) shows gigantic CGI humanoids capturing the capital of Uruguay as citizens flee. The five-minute clip has been viewed 1.5 million times on YouTube. It was created on a budget of $300. Alvarez says that after uploading the video on a Thursday, he was receiving offers from Hollywood on the Monday.

He eventually accepted a $30 million dollar deal from Ghost House Pictures for a full-length sci-fi thriller set in Uruguay and Argentina. The movie won't be based on the YouTube video itself, Alvarez told the BBC.

While it makes for a remarkable story, you might be less surprised after watching the clip; it has a Hollywood polish that implies Alvarez's work is ready for its big screen debut.

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