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Masterclass is such a brilliant business model. They're charging close to the same fees as Netflix, yet their production costs are very little. They don't need
by salimmadjd 6y ago
Masterclass is such a brilliant business model.
They're charging close to the same fees as Netflix, yet their production costs are very little. They don't need to bet millions on some show or pilot and become a flop.
They can quickly churn out classes with very limited budget compare to Netflix's budget and keep their paying customers happy.
- mywittyname 6y agoI bet most of their creators sell their services as part of a profit sharing agreement too. Gordon Ramsey already creates content for YouTube, because he has to in order to stay relevant. For him, Masterclasses are (probably) just better paying YouTube videos.