According to this L.A Times article from last month, contestants on the show not only don't get a million dollar "prize" (it's actually an advance against future royalties), but they actually have to give ABC and the producers "exclusive, perpetual, worldwide license."
You can go right to the source if you like, it's on the application form
points 28 and 29 of the Consent & Release.
Winner gets a million advance on royalties for exclusive, perpetual use. However, I don't see any method listed for determining the percentage
for the royalties. Which is a huge oversight IMHO, I'm surprised Satan didn't point that out when he was helping ABC write it.
Actually it's not so terrible. If you had an idea but not the means, knowledge, or willpower to get it to market, selling it for a million doesn't sound that bad.
Other finalists are also granting a one-year option to license
. That actually bothers me more, since it means they can't do anything for a year while ABC thinks about it.
Uh oh Flushpure - it looks like that Toilet "aerosolization" causing fecal bacteria to get on your toothbrush is a myth.
I always suspected the risk was minimal anyway. But if people think
it's true, the product would still sell. (Thanks for the link Point to It
Finally, it was really bugging me & I spent a bunch of time searching online, but never WAS able to find any sort of list of products that this dorky judge claims to have invented (or been part of) that we ALL supposedly have a kadzillion of in our homes? Anyone else have any luck with this?
explained it well a few pages back
Joseph and Jennifer Safuto ~ Flushpure
I missed this one.
Charcoal filter in a toilet seat lid. Like designing1
I have the sneaking suspicion this is the one Doug was pushing.
Robert Amore ~ Tonerbelt
Hmmm...which one was that?
I can't hear the name w/o thinking it's something a copier repairman would wear. But no, it's two tension-wound strings attached to your hips via a belt and you work the arms by pulling them.
So it won't be two hours with three finalists I guess. Great more laughable products and probably more stupid attempts by the judges to be witty.
If only. Probably the same footage of the two disastrous Buddies (Walk & Therapy) shown on a continuous loop.