I just heard of the hottest competition, if you are into performance arts, primarily, Rap. Loud.com is hosting it's 100K competition for the next huge rap star.

"LOUD.COM is an online competition, open to all registered users. Loud.com offers users the ability to download professional beats from Hip Hops hottest producers for just .99 cents, use a unique on-line recording tool to overlay raps over the tracks, have the songs judged by celebrity producers and compete for $100,000 and a record deal with SRC Records, home of multi Platinum, Grammy Awarding winning artist such as Akon and David Banner. LOUD producers have made hits for The Notorious B.I.G., 50 Cent, The Game, Jim Jo nes, Lil Jo n, Rick Ross, Talib Kweli, Mary J. Blige, Kanye West, Busta Rhymes and many more. Log on to LOUD.COM now!"