I found out about this open source movie project last winter, and am happy to see that they are so far reaching their set targets.

A groundbreaking project to create a £1 million film and give it away to over 1 million people using the Internet and a global community of members.

• P2P-friendly: free to download and share
• No DRM: watch on anything
• Creative-Commons licensed: remixable

A fantastic initiative, in my humble opinion.

See also: Elephants Dream, by the Orange Open Movie Project.