Studio Bosses Give Unknown YouTube Filmmaker Millions For a Feature

Here’s a staple of Hollywood lore from Newslite:

Would-be director Federico Alvarez, who runs a post-production visual effects house in Uruguay, filmed ‘Panic Attack’ with a budget of just $500 in his free time.

The five minute clip – which he then uploaded to YouTube – shows an invasion of Montevideo by giant robots and had special effects which could rival many big budget movies.

Once online it got the attention of thousands of movie fans… and (not surprisingly) studio bosses who wanted to meet with Alvarez to talk about his movie.