Yeah, but you have to acknowledge that was a pretty long shot for any single entrant toward a guaranteed payout irregardless of merit.
http://www.youtube.com/user/yourfilmfestival/about
"This is Your Film Festival. Created, watched, and judged by you. From 15,000 entries down to just one -- the winner of Your Film Festival has now been announced."
Lettuce consider a probable range of sum creative resources that went towards that single $500k payout.
15,000 entries. Possibly rounded up some, but likely rounded down, so lettuce call it between 14,500 and 15,500 actual entries.
Max entry is 15min in length, but from
the average finalist entry range time let's calculate the 14.5k to 15.5k to average in that range.
10.52 - 15min
x 14,500 - 15,500 entries
= 152,540 - 232,500min of finished product submitted
= 2542 - 3,875hrs of finished product submitted
And lettuce guesstimate using personal rudimentary experience that for every minute of finished product that it takes about four to twenty times that amount of time to actually plan, pre-pro, shoot, and post-pro.
2542 - 3,875hrs of finished product submitted
x 4 - 20 multiple of plan, pre-pro, shoot, and post-pro
= 10,168 - 77,500hrs of plan, pre-pro, shoot, and post-pro
The lettuce figure out the combined cast & crew hours estimating that most of these shorts had one to four people in front of the lens and the same behind it = 2 - 8 people per submission.
2 - 8 cast & crew
x 10,168 - 77,500hrs of plan, pre-pro, shoot, and post-pro
= 20,336 - 620,000hrs of labor
Now we gotta figure out the value of that whopping range of hours.
http://www.bls.gov/ooh/entertainment-and-sports/producers-and-directors.htm#tab-5
" The lowest 10 percent earned less than $32,140, and the top 10 percent earned more than $166,400 in May 2010."
Now, lettuce be sensible and assume a lotta no pay and low pay went on in these productions.
Let's call it the low end of professional pay minus 20%.
$32,140
x 0.8 (80% pay)
= $25,712
/ 2080 work hrs per year
= $12.36/hr
x 20,336 - 620,000hrs of labor
= $251,384 - $766,3200 in total labor hours
How much you wanna guess went into materials such as props, costumes, & consumables?
About equal to the value of the labor?
$251,384 - $766,3200 in total labor hours
x 2 materials
= $502,768 - $1,5326,400 labor & materials
That comes' out to be...
$502,768 - $1,5326,400 labor & materials
/ 14,500 - 15,500 entries
= $35 - $988 per entry
Sound about plausible?
Okay. I think that's about all the economic activity that waggled $500,00 carrot generated.
Hmm... That's a whole lotta people that cumulatively spent a whole lotta money for a pretty slim chance at winning that whopping prize.
Pretty good payout.
Pretty slim odds.
And that was for a guaranteed payout, whereas in the open marketplace where merit carries a considerable more weight than "winner of the tallest midget contest", and
marketing goes even farther than merit. Considerably farther.
http://www.indietalk.com/showthread.php?p=267880#post267880