April 6, 2008

Payday

Good news! Our 100 Grand entry, shown here, has been given finalist status, so they're giving us $1,000 for it. Now, in a previous post I mentioned that the winnings ranged from five to 20 thousand dollars, but the reason we're only getting what we're getting is because Nestlé hasn't actually used our spot yet. Should Nestlé use our submission, we'll be given the other $4,000 they owe us. You can see what I suppose I'll call the press release here, but to better help you understand how this decision came about, here's a snippet of the email i received from Mark at XLNTAds:

This has been a crazy process for all of us, so I want to give you a little background on what the situation is. Nestle is still working on a media plan that could result in their using your video. If they do decide to use it, they will pay you an additional $4,000, which would bring your payment up to the agreed usage fee of $5,000. However, they haven’t committed to using any videos yet.

We realize their timeline is a lot longer than we had anticipated. Because we wanted to make sure the best videos are rewarded now, Nestle have happily agreed to give you the $1,000 in good faith. Recall that there were no guaranteed payments in this assignment, because the money depended on Nestle’s decision to use the videos for a campaign. We hope Nestle will decide to use one of the videos soon, but unfortunately it’s all on their schedule.

So that's that. I just sent in the release forms and hopefully we'll collect some revenue soon.

1 comments:

Mark Schoneveld said...

Hey guys, congrats on being a finalist. I'm sorry for all the confusion surrounding the assignment. Hopefully we'll be able to iron out all those silly wrinkles as we move forward. You made a great vid, and I hope Nestle's uses it to market their candy.