I stumbled upon the 1000 Dollar Film project a couple of days ago. It’s the blog of two screenwriters who are working to create a great movie for only $1000 and document the entire process. From what I can tell, it looks like things are starting to pick up for them. They just received an offer to have their film edited for free, which is really quite amazing. Somehow they’ve also found the time to come out with some great articles. My two favorites so far are Create a feature film without writing a script and How to write a genre movie in seven days. If these guys can keep their breakneck pace, I think they’ll find many more people tuning in.
If you’re interested in creating your own low-budget feature film start by picking up Robert Rodriguez’s Rebel Without a Crew; it’s essentially the bible of low-budget filmmaking. Then I’d recommend watching his first feature: El Mariachi (shot for $7000 and sold for a million). It’s so good you won’t be able to stop yourself.