Can't Pay, Won't Pay: Why Paid Digital Content Isn't Working
Sales of paid digital content have stalled, although consumer demand for many services is still growing. Despite a clear and profound shift in the way we access and consume media content, traditional content providers have, on the whole, failed to adapt their products to meet consumer needs. Social media, exemplified by Facebook, has changed the way Internet users engage with content: They now expect an interactive, engaged, and connected digital content experience — and, according to our surveys, they are willing to pay for it. Radical product innovation is required to build customer-centric premium digital content experiences. We have to add SPARC: Content must be social, participative, accessible, relevant, and connected.