The creators of Iron Sky are planning a new trilogy that will be financed with cryptocurrency

Iron Sky director known for his films Timo Vuorensola and producer Tero Kaukomaa have started a new film project.

Deep Red – the project is supposed to be a trilogy, the first part of which would be published in 2029. The following parts will be published in the following years.

The goal of the creators is to shoot all three films at the same time, so that the films can be released with a shorter interval between them.

It is the first joint project between Vuorensola and Kaukomaa since its premiere in 2019 Iron Sky: The Coming Racen. The original, published in 2012 Iron Sky was a major hit in Finland, and it attracted more than a million viewers internationally. Instead, the sequel became a financial flop for its creators.

Iron Sky: The Coming Race is still the most expensive Finnish film with a budget of 20 million euros, if you don’t count Angry Birds – animated films. It was seen by only 30,000 people in Finland.

Deep Red – film trilogy tells about the communist city founded by the Soviet Union on Mars during the Cold War. Iron Sky -to those who have seen the films, the setting may sound familiar: Iron Sky -films told about the Nazis who established a base on the Moon.

Vuorensola laughs at the question of whether there is a certain similarity in the ideas of the films.

“I’ve always been fascinated by topics related to conspiracy theories: Ku-Nazis was one such, another is Soviet-era space technology and related goals. It’s possible to tell a very interesting story about a theme that isn’t full fantasy but has historical themes,” says Vuorensola.

Vuorensola says that he has had the idea for the film for over ten years. He properly started working on it with Kaukomaa a year ago, when the two sat down at the Berlin Film Festival. Since then, a more detailed script and financing model for the films has started to be built.

The central idea quickly became that three films would be made and they would all be shot at once. According to Vuorensola, one big reason for this was that Iron Sky -films, the problem was that it took too long to make the sequel.

“The seven-year break between films managed to kill the interest we had managed to create with the first film,” says Vuorensola.

In this way, the total costs of the films can also be kept lower, says Vuorensola. According to the creators, the total budget of the three films is planned to be 15 million euros.

If the schedule plan made for the films holds, the films would start shooting towards the end of 2027. Before that, however, a significant part of the funding should be collected.

Financing regarding Deep Red aims for the model that was used in the Swiss produced by Kaukomaa in 2022 Mad Heidi – in the film but which has rarely been used in film productions so far.

According to Kaukomaa, a third of the 15 million euro budget is to be collected from various production incentives. If the film is shot in Finland, this would be Business Finland’s money. Funding for the film is also being sought from the Finnish Film Foundation.

Ten million is to be collected from investors, individuals and professional investors. For this purpose, a blockchain-based token, i.e. cryptocurrency, has been created for the film project. Kaukomaa calls this the best way to manage large crowdfunding.

“This is a transparent and automated model,” he says.

In practice, selling cryptocurrency means that the investor buys himself a number of digital coins corresponding to his investment amount. The minimum investment is 2,000 euros. People get returns on their investments from the sales and distribution of the film. Each coin corresponds to a certain share of the film’s revenue.

“When returns start coming in, they are automatically distributed to investors with this model. You don’t have to wait for returns every quarter or half year like in the old world,” says Kaukomaa.

In the ongoing first financing phase, the goal is to collect 250,000 euros. The amount accumulated so far is slightly more than 100,000 euros. The first funding phase ends at the end of February. According to Kuukomaa, the situation is not dramatic if the amount is not met, but it can slow down the planned schedule.