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5% royalty

Posted by David Rorie

12/13/2012

Comments (5)

Miscellaneous

I think that if you submit an idea and win that phase, but loose the pitch phase. And then someone else wins the contest based off of your idea, you should get a much bigger piece of the pie. After all, without the idea, there is no commercial. Anyone else agree?

Comments (5)

Tina Radel

12/13/2012

YES! More pie please!

Arne Barnard

12/23/2012

Do you mean 5% of the award for the finished video based on your idea?
I was wondering, does that 5% come from the winners video or does Tongal pay that themselves? In other words, if I won 70,000 in a video contest, does Tongal send me a check for 66,500 or do I keep my entire award ?

Scott Killinger Tongal

12/27/2012

Arne, as stated in the Details section of each Project brief the 5% residual does come out of the Video winner's prize if it is based on another community member's Idea.

James DeJulio Tongal

01/02/2013

We've thought a lot about this and think that 5% is fair and created a nice balance between filmmaker and Idea-man (or woman). I think that we should get more $ in the Idea phase itself and bigger prize pools total. For example, if you won the big residual prize in the I can't believe it's not

James DeJulio Tongal

01/02/2013

..butter project, the residual was $1,250, plus the $500, that's $1,750, not bad for 140 characters. So, bigger prize pools will drive bigger residuals. I think we've done a good job at that. Now we need to make sure we have $500+ for each Idea. Thoughts?