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Chances are that you're not willing to spend enough per month. The music industry is (according to googling) about $25BB a year for live events and $15BB a yea
by 1123581321 9y ago
Chances are that you're not willing to spend enough per month.
The music industry is (according to googling) about $25BB a year for live events and $15BB a year for retail (streaming, downloads, discs, etc.)
Spotify's revenue is about $3BB/year, ballpark 10% of the revenue needed to support the music industry. (Spotify has its own expenses, which we are ignoring.)
News media can't command live event revenue the way music can, and their physical sales are disappearing faster than music's. That suggests, to use the music analogy, that subscribers to a Spotify-like system would have to support most of the approximately $25BB that this industry commands. Depending on how many news readers there are compared to music listeners, that's possibly $50-150/mo that would need to be asked of subscribers.
Outside of Financial Times subscribers (even that $600/year is ad-subsidized), most people aren't willing to spend this much on a newspaper. You can quibble with the numbers, but ultimately the news industry is more reliant on individual subscribers than the music industry.