Sorry it has taken me so long to reply.
The reason why its patent pending finance model is because they are the first ones to use advertising revenue not memberships costs to fund movies.
Second, well The first contest is over and mine was among the selected to be produced. We are kind of the guine pigs of the whole thing as this was the first run through.
The founder is a writer/musician who wants to help others I guess.
The next contest starts in May and is only open to 100 submissions, your chance of being selected greatly improves. Plus they accept many low budget ones so they can give writers a leg up so to speak and producers to get some films under their belts.
I seriously doubt they will be doing movies that quickly, I think they will be taking on two projects a month, not finishing them, and thats only if revenue is high. Also they won't be the only one filming. Many independants have signed on and would be doing their own films. But they have to pool their scripts if they didn't write them, their cast, crew, music everything from the site, its to go back in to support it kind of thing.
Also not all the members are script writers, there are actors, crew, musicians, and just plain old fans.
With the contest they select one from the top four, leaving the decision of who to pick first to the members, then pick one from the rest (this time they picked several as many can be done on a low budget). Then it goes into an interactive module thing and you can participate on every single step. If they like your ideas you get producer credit for participating.
And since their funding rely on advertising they already have 30 million for this year, since most of the ideas posted thus far are low budget, helping many of them isn't very difficult.
Well If I can answer any other questions I'd be happy to. I'll know more once my own process begins. I should recieve my contract in the next thirty days and a check when they decide what budget to assign my script.
If you do join, please add me as a friend.
Sara
