How to download Michael Masnick’-s The Economics Of Abundance. Scroll down this page.
How to download Michael Masnick’-s short film, “-THE ECONOMICS OF ABUNDANCE”-:
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– Translation: Download “-THE ECONOMICS OF ABUNDANCE”- film = Descargar “-THE ECONOMICS OF ABUNDANCE”- pelicula = Herunterladen “-THE ECONOMICS OF ABUNDANCE”- film = Telecharger film “-THE ECONOMICS OF ABUNDANCE”-
The Economics Of Abundance –- Michael Masnick
The Economist brings back its paywall…- Perhaps it should hire an economist. –- by Michael Masnick:
A bunch of folks have sent in the news that the Economist appears to be putting up something of a paywall, locking up all archival content older than 90 days, while also locking up one version of the magazine (the one that is made to look just like the physical paper layout). I have to be honest: I don’-t see how this makes any sense at all. In our experience, somewhere between 25% to 30% of our daily traffic is to archival content, usually in the form of search engine traffic —- or occasionally other sites picking up on an older story. Archival content is perfect Google fodder, driving traffic (and ad views) to pages that otherwise would get no traffic at all. In many ways, that’-s a big part of the value of having widespread archives —- to bring in such traffic for those who care about it. The chances of such a “-drive by”- viewer paying up for a subscription to view that content seems incredibly slim —- and it seems quite likely that the decline in traffic (and ad dollars) would almost certainly outweigh the number of new subscribers added. This doesn’-t seem to make any sense at all. Does The Economist have any information economists on staff?
HubDub is a huge success in term of Internet popularity (pageviews, time spent on the site, etc.). However, HubDub has no business model, other than trying to get bought up by some bigger fish. Which is why Nigel Eccles and his smart team have devised a social fantasy sport game, FanDuel. Its business model (allowed under the Unlawful Internet Gambling Enforcement Act of 2006) is simple: you pay to play. –->- $$$
The problem with FanDuel‘-s simple business model (selling social gaming services over the Internet) is that, unlike HubDub (which is free to play), there won’-t be free publicity generated on the Web —-other than the TechCrunch UK post. Just because you have a business model does not mean that you have a marketing strategy.
Since FanDuel won’-t be free, it won’-t generate any buzz on the Web. [UPDATE: See Nigel Eccles’s comment, just below.]
Nigel Eccles is proud of the fact that his team crafted FanDuel in a matter of weeks. But have they thought long enough about marketing strategy?
The FanDuel press release:
SHAKING UP THE FANTASY SPORTS INDUSTRY
New Fantasy Sports Game Lets You Play Today, Win Today
There are at least 20 million of us playing fantasy sports every year and yet in recent years it has seen very little innovation. For many, one of the major problems with fantasy sports is the huge time-commitment involved –- when you play fantasy, you have to play for the whole season – no breaks, no holidays, no excuses. However, in this era of Facebook and Twitter, people want instant gratification.
This issue is tackled head on by FanDuel.com, a new fantasy sports game which launches today. FanDuel.com lets us play and win in a day instead of waiting the whole season. Players can draft a new team at any time, and pitch it head-to-head against an opponent – a friend, or another FanDuel player – for real money. The player whose team has the most fantasy points at the end of the day’s games wins the cash prize. It’s purely fantasy baseball right now, but the fantasy football game will launch with the start of the football season.
Clever integration with sites like Facebook means that picking opponents is slick, as is bragging about your wins. This is a first for the fantasy sports industry which has been dominated by the big players such as Yahoo, CBS and ESPN for too long.
The game is a competitive draft rather than salary cap – making it much more challenging. However unlike traditional competitive draft both players don’t have to draft at the same time. The way it works is one player drafts their first pick and a back-up for each position. They then order their draft and submit their roster. When they are matched with another user (a friend or another FanDuel user) the system works through each player’s draft in priority order. You get an email telling you and your opponent’s final roster and then you can watch the live stats on both fantasy teams update in real-time as the games progress.
Online social gaming is already well developed but the daily fantasy sports market is quite new. Nigel Eccles, CEO of the company behind FanDuel, admits, “After playing Mafia Wars and other social games on Facebook, going back to playing traditional fantasy sports on CBS felt like going back in time. We felt we could build something faster, more social and exciting.”
Thanks to the fantasy sports carve out of the 2006 Unlawful Internet Gaming Act [Unlawful Internet Gambling Enforcement Act of 2006], FanDuel.com is perfectly legal to play in the US – something that the team behind FanDuel have been very careful to adhere to. FanDuel offers free and paid entry games with users able to enter $5, $10 and $25 competitions.
[…] What I think PirateMyFilm will bring to the copyright reform party is the idea that films and music can be collectively financed, i.e., crowd financed, with both the artistic creator and the art consumer participating in the revenue streams.
To me, economics, markets and finance are an artistic medium in their own right and, as such, can be modeled, molded, manufactured and modified in artistic ways reflecting self expression as easily as paint, words, clay or plastic.
All of the projects I’ve been involved with for the past 15 years: [Hollywood Stock Exchange], KarmaBanque, GulagWealthFund, PirateMyFilm and my yet-to-be-publish novel, “Buy Love, Sell Fear,” all share this common characteristic of seeing price discovery and market making as a form of self expression and artistic freedom.
This is the latest addition in our series about how to make money on the Web by giving out free content to get access to people and get their attention…- and selling them something valuable with the other hand. So, here’-s Michael Masnik. While you watch it, do download the files in MP4 using Video Download Helper, so that you can re-watch them later on on your own, when you are disconnected from the Internet.
If your feed reader doesn’-t show you the 4 embedded videos below, then download this post.
If your feed reader doesn’-t show you the 4 embedded videos above, then download this post.
PS: Deep apology to the Linux users. I don’-t think they can view the videos. I will make up to you.
UPDATE: Mike Linksvayer:
The videos play fine on Linux, assuming the right (patent encumbered) codecs are installed, as they are on most systems. The silly interface wants you to use an officious quicktime install more than it wants you to watch the videos. So one just has to access the videos directly —-
= The Business Model ($$$$)
Download this post, if you don’-t see the embedded video in your feed reader.