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: Manned Space Exploration Is Coming Back
- Top RIAA Exec: There's No More Music In Africa And The Middle East Because They Need Stronger Copyright
- Nope, You Can't Patent A Generic Idea Like Crowdfunding
- Guy Writes New James Bond Book... Only Available Where Bond Is In The Public Domain
- Sell Features, Not Songs