5:21NEW WAY To Make A Living Doing Comedy | New Stand Up Comedian Business Idea For 2020
From My First Million · Published Jul 5, 2020 · Watch on YouTube
TL;DR
The video proposes a new business idea: a subscription service, priced at $5-7 a month, to aggregate and provide exclusive 10-20 minute comedy sets from mid-tier comedians who do not secure Netflix specials. This service aims to leverage the comedians' existing fanbases and allow viewers to discover new acts, similar to how Crunchyroll operates for anime.
Key insights
- Netflix has invested heavily in comedy specials, offering $10-20 million checks to top comedians, recognizing their rapid followings and unique content.
- There is a market gap for mid-tier comedians, who, despite having several thousand fans, typically do not secure high-value Netflix or HBO specials.
- Aggregating content from multiple mid-tier comedians into a single subscription service could create an "all you can eat pass" for viewers and facilitate comedian discovery.
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