Farhad Manjoo has some good news for those of us who want this internet experiment to work out: People are paying for stuff .
This paragraph caught my eye:
“Apple users spent $2.7 billion on subscriptions in the App Store in 2016, an increase of 74 percent over 2015. Last week, the music service Spotify announced that its subscriber base increased by two-thirds in the last year, to 50 million from 30 million . Apple Music has signed on 20 million subscribers in about a year and a half. In the final quarter of 2016, Netflix added seven million new subscribers — a number that exceeded its expectations and broke a company record. It now has nearly 94 million subscribers.”
Netflix has nearly 94 million subscribers.
That’s an amazing number. Those aren’t “users.” Those are people who pay for the service.
For years I’ve joined the chorus lamenting the impending doom of creativity, content, and culture. No one will ever pay for anything .
I think back to that moment 10 years ago when I realized that online advertising was a race to the bottom for all but a few massive companies. I was distraught. Really, I was legitimately upset. I was fascinated by the internet’s possibilities, yet it seemed to be built on a pile of sand. I wondered how it would all play out. I wondered if I needed to find a new line of work.
And yet, here we are.
When I consider my own digital subscriptions I’m struck by how easily and naturally they’ve arrived. At a certain point, each one just made sense and just fit in.
I guess I’m not alone.