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This whole debate seems to be missing the point. There has never been a world where independent content creators have been able to monetize what they do on a m
by notmymain 9y ago
This whole debate seems to be missing the point. There has never been a world where independent content creators have been able to monetize what they do on a massive scale and collect most of the revenue.
At a large scale, the owners of the distribution eat most of the pie. That's true because of basic comparative advantage and the advantages of scale even though they are entirely dependent on the individual content creators to get anything at all from their distribution. If the content creator wants to collect most/all of the revenue, the pie is small.
- ForRealsies 9y agoWe all know that true independent digital comedy ended with YTMND. http://www.knowyourmeme.com/memes/sites/ytmnd http://www.knowyourmeme.com/memes/sites/ytmnd
- walshemj 9y agoWell some of the early Hollywood stars set up united artists including Chaplin to get round this problem
- settsu 9y agoNo, he’s saying the internet upended the old funnel model by providing democratized global distribution to anyone, but now Facebook has not only largely reversed progress, they’ve done worse by profiteering on content they’ve assumed effectively zero cost, risk, or effort in distributing. Furthermore, they’ve destabilized democratic societies and radicalized neighbor against neighbor (speaking locally & globally.) Again, all the while, profiting from their carelessness, suffering few, if any, meaningful consequences.
- notmymain 9y agoSure, but that's fundamentally untrue. Facebook has gone to considerable effort and cost and taken great risk to build their network so that they can then monetize content that gets distributed on their platform. I'm not a fan of Facebook btw, but just that the argument the guy is making fails on basic economics.