(Source) Venture capitalists are already looking around to see what they can fund in the way of original content, as evidenced by the news FunnyOrDie.com just got $15 million, and writers are banding together to see what they can launch. The Hollywood Reporter is reporting that three striking writers have joined up with a former MTV exec to start a web series called “The Void” for the WorldWide Biggies studio.
Hollywood writers love to socialize. They also love to write and if they’re not going to get paid for doing what they love from wealthy Hollywood producers then they’ll just go elsewhere. What would any self respecting content producer do?
But they’ll soon discover that the economics of online business is different than the Hollywood business-as-usual mindset. The bright side is that Internet citizens love to be entertained. They just don’t like to pay a whole lot for their entertainment. But they made need to. If creative television writers can create great entertainment for the Internet for a fraction of the cost, they can sell many more units for less cost and keep a higher percentage of the profits. There is potential to make even more money than they could make working for “the man.”
That’s the beauty of the Internet. It’s got a built in social networking. It’s also got a built in content development mechanism. The two things that Hollywood writers love and adore. They may not need their producers after all.
