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Panic Attack (Ataque de Pánico): YouTube Video Lands $30 Million Contract (VIDEO)

First Posted: 03/18/10 06:12 AM ET Updated: 05/25/11 04:10 PM ET

Panic Attack
Panic Attack landed a $30 million contract.

In about two months, a YouTube video from Uruguay got over 5 million views.

And a $30 million contract for producer Fede Alvarez.

Panic Attack! (Ataque de Pánico!) only cost $300 to make (as CNN points out, not counting time and equipment).

According to the BBC, the project be directed by Sam Raimi (Spiderman):

The movie Mr. Alvarez has been asked to produce is a sci-fi film to be shot in Uruguay and Argentina. He says he intends to start from scratch and develop a new story for the project.

"If some director from some country can achieve this just uploading a video to YouTube, it obviously means that anyone could do it," he added.

WATCH PANIC ATTACK:

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Filed by Adam J. Rose  |