Crunchyroll has acquired the license to one of Osamu Tezuka's last works, the anime Wonder Beat Scramble, which they'll be releasing in its entirety (26 episodes) for free. But apparently they're so busy with all of their other simultaneous releases that they're seeking help with the translations.
So they've arranged with Mushi Productions, the company that manages Tezuka's works, to set up a contest. The first two episodes will be translated by Crunchyroll, and then they'll upload a special about the show, starring Osamu Tezuka himself. Individuals and groups can create their own subtitle file and send it in.
The “top” translations will “win prizes” (note the lack of specificity on either of these items), and the winning translator(s) get to help subtitle the rest of the show. Presumably for free...although if they finish through the entire series, they'll get some kind of extra bonus prize as well, also unspecified. Given how grueling translation work can be, I hope it's pretty major, like a trip to Japan or something, because otherwise it feels a bit like translating is being undervalued...
...On the other hand, it's cool to see fans getting directly involved in the translation process in a manner that's legal. So I guess we'll see how it goes.