News media “smile curve” shows value shift from delivery toward creation & discovery

Publisher's Smile Curve

…In the analog world in which newspapers, magazines and other forms of publishing controlled the distribution platform and therefore the channels through which content flowed, they also controlled much of the value. But new platforms have emerged — such as Facebook and Twitter and LinkedIn and dozens of others — and they have accumulated much of the value and market power that used to accrue to publishers and media companies.

(Freelance tech analyst Ben Thompson, who writes a blog called Stratechery,) believes that because of the disintermediating effect that the internet has on content, value is moving towards the individual creators of that content — writers, editors, artists, etc. — and towards the platforms that allow for discovery and/or distribution of that content (Facebook, etc.) and away from publishers and media companies of various kinds.

Read the full piece at Gigaom
From newsplexer.com

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