Connecting creators and their real fans in 2024
news.patreon.com
Connecting creators and their real fans in 2024
In 2019, Wired reported that 125,000 creators -- podcasters, YouTubers, musicians, webcomic artists, etc…-- had generated a combined 5 million monthly subscribers. At the end of that year Patreon announced that it had paid out $1 billion to its users since its inception, with $500 million amassed that year alone.
Simon Owens • Why Patreon’s business model is under threat
According to the Re:Create Coalition’s study on America’s New Creative Economy, in 2017, 5.6M creators on Instagram earned revenue through sponsored posts. Contrast that with Patreon’s entire base of 150,000 creators who earn revenue through membership subscriptions—representing just 2.7% of Instagram’s income-earning creator base.
Li Jin • Four implications of disruption theory for the Passion Economy
Dear investors,
We reflect on 2024 with both satisfaction and impatience. We’re satisfied because the business is strong, growth is robust, and we continue to attract the world’s best writers and creators to Substack. But there is still much work to be done, new territories to push into, and some key improvements to make to the product, and we’re i... See more
We reflect on 2024 with both satisfaction and impatience. We’re satisfied because the business is strong, growth is robust, and we continue to attract the world’s best writers and creators to Substack. But there is still much work to be done, new territories to push into, and some key improvements to make to the product, and we’re i... See more
