In Time's roundup of the Best Inventions of 2008, they list Dr. Horrible's Singalong Blog as #15
The write-up touched on the content of the show and it's success, but oddly didn't really talk about why it's important.
I think many observers think the importance of Dr. Horrible lies in that it represents a new model for program production that doesn't rely on studios or networks. The popular channels on YouTube, independent productions like Dr. Horrible and The Guild, and video podcasts are all showing that an independent producer can create a quality product and find an audience online.
No one is getting rich in this new media world yet, but the potential is clearly there.
As a viewer, I know my favorite online shows are MORE important to me than the stuff I watch on broadcast television.
And one point: Time.com earns a FAIL by not providing embeddable video.
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