Wednesday, December 06, 2006

Pretty similar to the way I feel

Here's Matt Yglesias on web video, YouTube, etc...:

To me, at least, this is the real moral of the story. Peer-production of digital media probably will produce a fair quantity of awesome popular stuff lurking amidst the vast pool of dreck. And well-designed services will let the awesome stuff rise to the top and the dreck fade to the background, rendering those services awesome and popular. But -- and here's the rub -- having something awesome and popular just may not prove to be especially lucrative. In the past, a popular television show or a popular album or a popular film or a popular distribution channel guaranteed you vast sums of money. In the future, that just may not be the case. The very most popular things will generate some income, enough to live off of and continue financing new projects, but not the sort of gigantic windfalls associated with 20th century media hits. And lots of other things -- including reasonably popular ones -- will only generate trivial levels of income. And they'll continue to be made. Made by people who think its fun, or who derive some benefit from their work other than direct monetary income.