Snotty Pippen writes "A new study online (and its long) compares online revenue streams with brick and mortar ones for converting content into cash, and uses web comics as a basis of comparison. Metrist Partners note the study agrees with looks at indie music, that indicate the web is the place for distribution and that merchandising is where the real money is. T Campbell, who writes a bunch of web comics and edits Graphic Smash, bemoans it didn't come out before he wrote the chapter on money for his forthcoming book on web comics."
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