[whinythepooh]

> You can make subscriptions work if your intentions are good

I am afraid investors only care about growth. First they are going to grow untill no more subscribers. Preferably the company will have monopolistic position by that time. Then they will start increasing rates up to "what market will bear". Then they will start tweaking "personalizing" experience with microtransactions etc trying to squeeze more. Add regulatory capture to this. This rent-seeking won't stop.