As with the hand-wringing over millennial cord-cutting, the limitations of supporting 10+ independent creators at $10 a month is similar to the impracticality of a Hulu, HBO, Criterion, Topic, Netflix and Amazon Prime subscription (phew). The pendulum has swung back to bundling–whether in a form like Every, or some sweet Atlantic media money.
To me, online content consumption seems to exist on a pendulum of sorts: we love content to the extreme — Unbundle!! Give us more! — until we are overwhelmed with choice and analysis — It’s too much!! Bundle it back up again! — and swing to the opposite side. In the end, we always end up somewhere in the middle... but it’s a lot of swinging back an... See more
The problem for consumers in the Passion Economy is that there is no opportunity to own assets. Everything is still subscription-based. Given that readers and listeners act as marketing channel for creators, it makes sense for them to have some skin-in-the-game.