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by PlaceFan
3407 days ago
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> Is journalism so, so much more expensive to produce than entertainment? There's a temporal component here that's much more important for journalism than it is for those other two forms of entertainment. For example, The Shawshank Redemption was made 23 years ago and is still a fantastic movie: People will still pay to watch that movie. In contrast, very few people will pay money to read a news article from even two days ago (let alone 23 years ago). Sony could never produce another movie again and have a sizable revenue stream just from distribution rights on their existing film catalog. The NYT can't really do that, the demand for old news articles just isn't that great. The equivalent of a news subscription then isn't really Netflix or Spotify: It's going to the movies, or going to a concert, or buying an album. All of which are notoriously considered to be expensive affairs. I'd even go so far as to say the NYT would probably absolutely let you read older articles for cheap (a few $ a month), but the demand for that is non-existent so it's silly to even offer. |
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