Well, actually it was fifty pounds (Sterling), but I don't have the British keyboard settings enabled. Still, pretty cheap.
Colin is a no-budget movie by London director Marc Price, which tells the story from the zombie's perspective. A nice twist, playing on the American Werewolf theme.
Price took 18 months to organize (and write?) the project, cast and staffed entirely with volunteers from his Facebook group. The project garnered acceptance to Cannes, and awards at many smaller festivals worldwide. It has done so well, in fact, that it has an extensive theatrical release schedule! Not bad for fifty bucks.
No doubt many in Hollywood will trash the movie, and call attention to all it's low-budget production faults, instead of focusing on what a determined young director was able to do with no money. Smart studios will see this as a great way to mitigate their risk. As with Texas' own Pink: The Series, and the recent Uruguayan director who made a 5-minute version of War of the Worlds for $500, studios are making big offers to small indy filmmakers who prove that they can attract eyeballs in the vast Internet wasteland, and proving once again that it doesn't have to cost millions of dollars to make good movies; Hollywood just doesn't know any other way.