Concepts
Long Tail
Media Economics
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In media economics, the strategy of profiting from selling many unique, low-demand items in small quantities rather than concentrating only on a handful of blockbusters, since when distribution and storage costs are minimal the combined sales of niche content can rival or exceed the bestsellers. Chris Anderson popularized the term in an October 2004 Wired magazine article, later expanding it into his 2006 book The Long Tail, and the idea underpins how streaming and on-demand platforms serve niche audience preferences economically.
Facts
Concept Domain Formulated YearChris Anderson popularized the term in a Wired magazine article published October 2004, later expanding it into his 2006 book The Long Tail: Why the Future of Business Is Selling Less of More. Cross-Tradition Connections
Sources
1. Wikipedia
1. Wikipedia
Wikimedia Foundationcitation 15, an Amazon employee quoted in the original articleQuote, citation 15, an Amazon employee quoted in the original article
We sold more books today that didn't sell at all yesterday than we sold today of all the books that did sell yesterday.
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