by Mike Masnick
Tue, Feb 28th 2012 4:59am
An interesting point made by Carl Franzen, looking at the continued growth of Kickstarter raising funds for content creators, is that the site is expected to surpass the amount of funding provided by the National Endowment for the Arts this year. They're expecting to break $150 million (this past year it was closer to $80 million), while the NEA has $146 million to give out. Obviously, there are all sorts of differences between the two, but as a milestone, it seems interesting and noteworthy. Also, of course, $150 million may pale in comparison to what some of the big entertainment companies spend, but watch the trend lines and remember your innovator's dilemma lessons, and you'll begin to recognize that new opportunities and new business models have tremendous potential. The old ones? They're losing steam...
If you liked this post, you may also be interested in...
- DailyDirt: Making Spirits Bright
- The Shittiness Of IP Law Has Taught The Public That Everything Is Stealing And Everyone Is Owed Something
- Released Documents Show NSA Actually Surprised To Find Itself Portrayed Negatively In Popular Culture
- Richard Prince Finally Sued (Again) For Copyright Infringement Over His 'Instagram' Art
- Tech Companies Urge Lawmakers To Stop Trying To Kill Net Neutrality With Sneaky Budget Bill Riders