You notice that there aren't the same strings attached to Top Chef winners -- I'm sure that Jay is the reason that it isn't an investment but rather a prize.
Non-Fiction TV: I Reject Your Reality and Substitute My Own
This thread is for non-fiction TV, including but not limited to reality television (So You Think You Can Dance, Top Chef: Masters, Project Runway), documentaries (The History Channel, The Discovery Channel), and sundry (Expedition Africa, Mythbusters), et al. [NAFDA]
Oh, I don't know. It seems like a standard investment. Any other investor would ask for the same deal-- how does Jay expect to get investors if he wants them to just give him money with no return? I am kind of annoyed with him for complaining about having no money and giving up the 100K
Investment, yes. Prize, no. They bill it as a prize. And even if it was an investment, 10% of the business forever is a bit much.
So, when he gave up the money, he also gave up the mentorship, I assume? Because I was confused when he was talking about how he had no guidance.
However the money comes, investment or prize, I suspect the bigger issue is that a lot of the contestants are eliding the difference between "100k to start your own line" and "your own line."
Frankly, "10% of your business forever" is pretty easy going compared to some of the other reality contracts. American Idol in particular just kind of owns you for a long time. Not forever, but for a while, and completely -- every album you record and every song you write, and anything you do is released or not at their discretion, so if they want to really screw you, they can.
Reading about the AI contract made me never ever ever want to do any of the career-oriented reality shows, like Project Greenlight (which owns your next three movies outright, but won't do much to help you finance) or On the Lot (don't know what their contract says). I'll take the hard way, thanks.
I've only read the first couple of paragraphs of the article about Jay, and find his whining to be pretty hollow considering Harold has opened a restaurant (though Ilan has not). In particular, I find it important that Harold was, if I recall correctly, already kind of wanting and planning to open a restaurant of his own, and after winning the first TC he didn't just rest on the $100K + Free Kitchen, but actually turned around and used that prize to attract other investors and get the kind of money it takes to open a restaurant in New York.
Investment, yes. Prize, no. They bill it as a prize. And even if it was an investment, 10% of the business forever is a bit much.
Depends. If they said as much in the contestant agreement, he can't claim to have been misled as to the nature of the prize. And I don't think a 10% ownership stake is really that much. Now that he's given it up, what does he expect as the alternative to finance his line? People to just shower him with money with no return on investment? A right to share in the profits is how you get financing. Forever isn't forever either-- you can just buy them out, or the business may fold. Jesus Jay.
Fascinating article.
I thought during the show that Harold had the best chance at making something happen. Tiffani's plan for the money was to travel around and eat. Harold's plan was to realize his dream. I love that he faked egomaniacal to get on the show.
Jay, I don't think even a management group would have helped. He was so far out there, which made him successful on the show, but not really able to visualize such a thing as business for himself. Even if he'd taken the money, I don't know that he'd have seen much success with it.
It's interesting, though. Because it occurs to me that the record label is a unique breed of exploitative bank. There isn't any such bank you can go to for any other career, and convince them to gamble on your unbelievable talents, giving you money upfront, spending tons of it on your production and promotion, and then hoping you'll earn out and they'll get it all back plus their profit from the rest of your (highly regulated) career. There's no A&R guy for chefs, or designers, or businessmen.
Because it occurs to me that the record label is a unique breed of exploitative bank. There isn't any such bank you can go to for any other career, and convince them to gamble on your unbelievable talents, giving you money upfront, spending tons of it on your production and promotion, and then hoping you'll earn out and they'll get it all back plus their profit from the rest of your (highly regulated) career. There's no A&R guy for chefs, or designers, or businessmen.
Maybe I'm missing something. Because it seems like record labels are pretty much like any other investment vehicle, whether a movie studio, a hedge fund or VC firm. There's someone out there that gave Harold Dieterle the money to open Perrilla with the assumption that their investment would be returned with profit.
Design Star: The Team Kitchen Challenge is, once again, a train wreck.
I think that Team Clueless made a huge mistake in not buying laminate countertops. It would have saved them a lot of time and money. But, if you had to go with tile, why in the world would you pick black tile that relates to nothing? You can get lovely ceramic tile these days that looks like stone. I thought the backsplash tile was beautiful but, were I the homeowner, I would have preferred to go a little cheaper on the backsplash and make it relate to the counters. Also, how does a professional designer not know how much glass mosaic tile is? Hint: Not cheap.
Team Faux Tuscany. I was aghast when I realized that they were shopping for plants at a craft store. Fake plants? Are you kidding me? I suppose it went with their fake statuary. But no clue on what any of that had to do with the rattan bar stools and their black-and-white polka dot seats. They should've done deeper paint colors, taken the doors off some of the upper cabinets, 86ed the fountain and faux brick, got a different sink, put in a backsplash and bought non-black appliances.
Neeraja's elimination was pretty abrupt. It was like, you suck, buh bye. But Sparkle Josh wins! I love him. (And that they call him Sparkle Josh.)
I didn't realize they were doing two eliminations on this one. I'm not sure I would have sent Josh home over Robb. I liked Josh's original schtick about designing green environments. It's a pity we never saw any of that from him. Robb is just irritating and I wanted him gone already.
So I guess what you want to do is come close to winning one of these things, wow the audience, then lose? That leaves you as a free agent?