Jack Ruby said:
The podcast/youtube/twitch stream market is absurdly over saturated right now. Everyone and their grandma is trying to break through. You'd have to get at least several hundred thousand views per episode and put one out every day to even come to close to making a living. Certainly nothing compared to what they made at the ticket.
It's doable if they hire an editor and are prepared not to make money for a while. On youtube with advertising, I think the mark is like $5 per 1000 views. You get more at various higher subscriber levels. Dan and Jake's goodbye video on youtube has 32,000 views in 18 hours. If it were monetized, that video would be worth $160.
You could make $500 for a single video, but you would need to get 100,000 views. So say you produce 3 videos a week, and you average 100,000 per video, that $1,500 a week, or $78,000 per year. Now take out equipment and pay for an editor. Now divide that by two. And that's averaging 300,000 views on your video per week.
You can make good money doing this, but you a ton of views and a ton of subscribers. And more than that, you need to leverage those numbers for sponsors and merchandise and speaking engagements.