What happens after the production company reviews my project?

Provided that the production company decides it wants to be a part of your project, a series of meetings and/or calls between the band and the production company will take place to discuss ideas, storyline, situations, look and feel, style, and so on. The production company will then present you with one or a few ideas (these are called music video treatments) for your video. Each treatment will be accompanied by an estimated budget, which refers to the total cost of the production. At this point, it is up to you and/or your band mates to discuss which treatment is preferred taking into account the actual ideas as well as the budgets attached to them.