There's an interesting contest going on now over at www.ultimatevideorelay.com. The idea is to finish a story that an award-winning director, Kyle Newman ("Fanboys" director), has started. Kyle shot the beginnings of a movie in a video called "Act I." Budding filmmakers are then encouraged to pick up the story and submit their scripts for Act 2. The contest community will then vote to determine which scripts will become finalists and those filmmakers will be presented with the equipment needed to make their film, including Sony HDR-SR11 camcorders, Falcon laptops, Windows Vista Ultimate, and Pinnacle editing software. Finalists' videos will then be voted on to determine the winner. The process will be repeated for a third act and then end result will be a three part film created by three different filmmakers. You can watch the first of the three videos here.
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