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Hit RECord Accord

Hit RECord takes contributions of creative works from the community, allows other members of the community to create mashups of this work, then puts the best of these efforts into episodes of their show. They have a budget to $50,000 per episode which they distribute based on the perceived value of each contributor's efforts.

Hear more about it from their YouTube channel:

https://www.youtube.com/watch?v=fjNI4osiPho

Specs

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Specs are quantitative aspects of the option such as the price

Pros

Pro
Budgeted

The idea of the whole having a given value which is then broken down, as opposed to each contribution being valued stand-alone, helps to limit the amount that any one contribution can take, which helps to even the playing field.

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Pro
Effort based recognition

The value of a person's contributions are weighed up and each person is awarded a percentage accordingly.

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Cons

Con
Manual

The percentage value of each contribution has to be determined manually, and is based on perceived value as opposed to a more rule-based / scientific / repeatable methodology.

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