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I'm also not convinced this is above-board with the organizations whose works are being resold. Once upon a time, we had newspaper machines where you put in a
by i_dont_know_ 8y ago
I'm also not convinced this is above-board with the organizations whose works are being resold.
Once upon a time, we had newspaper machines where you put in a quarter to open the machine. You'd take one and leave the rest for others. This feels like the equivalent of paying a quarter, taking all the newspapers out and reselling them for $12/month (If anyone involved with the project can explain how the $12/month goes towards the journalists, I'd love to know).
I've also wanted to do something like this, but the problem in getting this started isn't technological, it's institutional.
Basically you need to find a fair way of distributing the cost of subscriptions to the various organizations in a way that isn't pure traffic views, because then you'd create clickbait incentives again.
In the end, you need some sort of 'the user decides who x% goes to, and y% is based on reading/use' with optimal values for x and y, but also in a way that you don't cannibalize each other's customers.
- vkfread 8y agoAgree with with you about the best way re distributing costs - that's why Fread tried to figure out a way to make micropayments work. Since this problem is institutional, it is taking time. With Unlimited, Fread are trying to put out a product that people will use to prove the unit economics on a per article basis - which no one in the industry wants to discuss. Fread operates a MoviePass model - where we fund each user’s subscription cost for every publisher, in full. The publisher gets a full price subscription per user. In 97% of cases, these users have answered a questionnaire saying that they do not have an existing subscription - so they are generating publishers surplus revenue in these cases. How they make money - they don’t, they lose it per user. A lot.