Louis C.K. made an announcement on the Tonight Show last night. Thankfully, you don't have to actually risk watching Jay Leno to know what Louis C.K. said, because Germain Lussier at Slashfilm transcribed the announcement for you:

I have a movie that I made in ’98, which is 15 years ago now, it’s the first movie that I made. It’s called ‘Tomorrow Night’ and it went to Sundance and all this stuff, but it never got released, ever. And I’m putting it out for $5 on my web site. It’s a big, funny movie. And you can see it starting in February.

Here's what we know about Tomorrow Night: The movie stars Steve Carell, JB Smoove, and Wanda Sykes. It also features a cameo from Amy Poehler. It's in black-and-white, and it looks to be a surrealist comedy. Here's an old trailer for it:

I'd buy that for five dollars. I have to say, I love the way Louis C.K. is doing things these days. Making his comedy specials and these other pieces of ephemera available on his site for five bucks, DRM-free, is exactly the sort of thing we all thought was possible when we first heard of the internet: Affordable entertainment with a much bigger cut going to the creators. I've bought all of his specials so far, and I've supported other endeavors like this one, including Aziz Ansari's $5 special and the Brian K. Vaughan/Marcos Martin comic book The Private Eye. I know that this system isn't perfect—at the moment, it only favors artists who are established through traditional means—but it's definitely an interesting parallel to the current model. Now we're about to learn if it supports film distribution, too.

(Thanks to Slog tipper Clinton.)