There are plenty of bands and record companies out there trying to get music videos on the cheap and/or develop new talent. It seems to be a trend, certainly recently with Moby & Radiohead competitions. Radarmusicvideos has been doing it for a while as well, but after a couple of successful years under their belt, this year their major commission scheme has not emerged. Their site still has a number of small commissions available, but I think that the kudos is really in working for a major act or label. These schemes can get your work noticed and also allow you to show your work on the festival circuit with a top notch soundtrack. But of course there are many people trying to get something for nothing and you should be careful when submitting work.
While you’re at it, here’s just a few other schemes
http://www.modestmousemusic.com/video/
http://music.guardian.co.uk/intel/page/0,,1930466,00.html
http://www.modernguitars.com/archives/002761.html
http://earache.com/deicidevideo/
