[dageshi]

Your model exists, it's called royalroad.com coupled with patreon and kindle unlimited. But it's fairly genre specific to Fantasy.

But, it's not a model that really supports high standards, you get typo's, grammar errors, bad prose and quite a lot of filler pages due to the pressure of maintaining the 5 x 1500+ words per week many of the most popular authors work too.

[411111111111111]

It's not specific to rrl, it's pretty much what webnovels are - it's the same at the other platforms too. And there are also some really successful writers that just do it on their own pages.

There is also another source of revenue for them you've omitted: Amazon unlimited.

But besides that I think you're overstating the quality issues. Most successful webnovel authors write really well and have proofreaders before the chapters get released to the general public. Sure, there are extremely bad works too, but they're not really getting money either.

[dageshi]

Is Amazon unlimited different to Kindle unlimited? Because I did mention that.

In terms of typo's, one of the biggest on RR is Defiance of the Fall which has its fair share.

I should be clear, I frankly don't care about typo's or grammar and have about 15 active follows on RR, but it is a major criticism I've seen from other readers who have a harder time tolerating such things. The thing I do have an issue is that often stories are stretched out with tedious filler content because the web serial model relies on regular updates to work, even if the author is stuck or has nothing meaningful to say in order to move the story on.

That being said, I still expect this model to significantly eat into the traditional fiction publishing model because it just has too many advantages for both the readers and the authors.