One might also consider that in the Spotify model, only the top content providers make any kind of money (The Weeknd, Taylor Swift, Bad Bunny [#2 most streamed, maybe he should do the Superbowl Halftime show?],etc.). Similarly, smaller news media content providers (local and regional) would only make a little money. NOTE: This is also why micropayments (as opposed to the lucky few who can license content) by AI companies for news content is likely not a good value for most.
Jeff, this is a critical point. The Spotify analogy is just right.
The only possible game for local and regional news (be it platforms or AI content licensing) is a “winner-take-all” model.
This dovetails perfectly with your final point—full co-sign from me. There is no leverage for individual small players.
The only possibility for a market solution is a mass collaboration, like the “NATO for news” idea (your great phrase from an earlier post!). Without that collective power, small players will always get the scraps.
Thanks for adding this (and that great link) to the conversation.
One might also consider that in the Spotify model, only the top content providers make any kind of money (The Weeknd, Taylor Swift, Bad Bunny [#2 most streamed, maybe he should do the Superbowl Halftime show?],etc.). Similarly, smaller news media content providers (local and regional) would only make a little money. NOTE: This is also why micropayments (as opposed to the lucky few who can license content) by AI companies for news content is likely not a good value for most.
The path forward, without government funding, for most news media is unclear for sure. Some in Europe are floating a market-based idea to get AI companies to better support news (https://www.thedrum.com/opinion/madhav-chinnappa-agrees-need-nato-news-publishers-face-ai-onslaught ).
It is probably true that any market-based solutions need more collaboration by news media working closely together.
Jeff, this is a critical point. The Spotify analogy is just right.
The only possible game for local and regional news (be it platforms or AI content licensing) is a “winner-take-all” model.
This dovetails perfectly with your final point—full co-sign from me. There is no leverage for individual small players.
The only possibility for a market solution is a mass collaboration, like the “NATO for news” idea (your great phrase from an earlier post!). Without that collective power, small players will always get the scraps.
Thanks for adding this (and that great link) to the conversation.