I read about another interesting open movie project over at Boing Boing today. A Swarm of Angels is an experiment by British filmmaker/writer Matt Hansen to gather 50,000 angel investors paying £25 each to raise $1 million for an independently-produced open movie. Matt's signing up angels in batches: first 100, then 1,000, then 5,000, then 25,000, and finally 50,000. At each milestone the angels participate in different parts of the film production: script development, the trailer, pre-production, production, post-production, etc. It's also exciting to see who's consulting on the project - Creative Commons activist/EFF Fellow Cory Doctorow and Sci-Fi author Warren Ellis.

So far Matt has surpassed his first milestone - 100 angels - and he's now trying to reach 1,000. If you'd like to become one of the angels you can join here.