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 NestlĂ© hasn't actually used our spot yet. Should NestlĂ© 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.
April 6, 2008
Payday
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1 comments:
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.
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