Can a Publisher Use Crowdfunding to Replace Ads?Mathew Ingram
We have already seen Kickstarter, the popular crowdfunding platform, used to finance some fairly interesting media experiments, including books from authors such as Seth Godin, record albums by artists like Amanda Palmer, and even an entire magazine in the case of Matter. Could a publisher use the service to crowdfund its way out of the advertising-revenue trap in which many media companies find themselves? Penny Arcade, which publishes online comics and puts on related events, is trying to do exactly that with an ambitious Kickstarter campaign aimed at replacing the revenue it currently gets from advertising with funding from fans. But will it work? And could it provide a model for other media companies?
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Fed Raises Rates, Eyes Three 2018 Hikes as Yellen Era Nears End
- This Electric Truck Will Probably Beat Tesla’s to Market
- These Guys Want to Lend You Money Against Your Bitcoin
- Famed Short-Seller Jim Chanos Says Tesla Headed for ‘Brick Wall’
- Bitcoin Points Way to ‘Massive Change’ for Commodity Businesses