|
|
|
|
|
by internet_jockey
3059 days ago
|
|
Hey, this is Hamish from Substack. Thanks for this! We think this is a great idea and it's certainly something we're considering for the future. But in the meantime, the point of a 10% cut is that it specifically does not annoy publishers. In fact, it aligns our incentives with theirs – we only make money when they make money. When we established Substack, we wanted to get away from an ad model in which publishers had reason to favor ad-centric content strategies over reader-centric ones. We're attempting to create an environment where writers no longer have to worry about doing things that please advertisers. They should be focused only on doing things that please their readers. To us, that's a better way forward for the media. Taking a 10% cut is a substantial ask, but it is one that writers have so far been receptive to. |
|