Roy Schestowitz wrote:
> ____/ Jerry McBride on Saturday 20 October 2007 18:54 : \____
>
>> Roy Schestowitz wrote:
>>
>>> ____/ Jerry McBride on Saturday 20 October 2007 16:58 : \____
>>>
>>>> [H]omer wrote:
>>>>
>>>>> How much is Radiohead worth?
>>>>>
>>>>> .----
>>>>> | What did people pay for In Rainbows, f'rexample
>>>>> |
>>>>> | THE INQ has already reported on Radiohead's attempt to bring
>>>>> | music marketing into the 21st Century by letting the punters pick
>>>>> | their own price for their latest offering "In Rainbows". This is,
>>>>> | depending on whom you talk to, either a move of sublime genius
>>>>> | which will revolutionise the way music is bought and sold, or a
>>>>> | cynical attempt to generate publicity and sales for a band whose
>>>>> | marketability has declined markedly in the years since "OK
>>>>> | Computer". Now, thanks to Record of the Day, a little known
>>>>> | Internet based music publication, we have some idea of whether or
>>>>> | not the model is actually working....
>>>>> `----
>>>>>
>>>>> http://www.theinquirer.net/gb/inquirer/news/2007/10/19/radiohead-worth
>>>>>
>>>>> And the winner is ...
>>>>>
>>>>> ###################
>>>>> ###### £3.88 ######
>>>>> ###################
>>>>>
>>>>> Which is nearly a *third* of the going rate for an album.
>>>>>
>>>>> Can we expect a suitable price reduction in the shops now?
>>>>>
>>>>> Then again, a reduction at the POS would probably not affect the fat
>>>>> record execs profits, who will simply skim the deficit from the
>>>>> artists, thus leaving those artists with even less than the pittance
>>>>> they already get.
>>>>>
>>>>> Better by far to just depreciate the record companies altogether, skip
>>>>> the middle-man, and let the artists get /all/ the profits, just as
>>>>> they should.
>>>>>
>>>>
>>>> Since Radiohead cut out the middle man... I wonder how that number
>>>> compares to their usual cut from selling a record via the record
>>>> company? Also... what's 3.88 pounds in US dollars???
>>>>
>>>> I'm guessing that Radiohead made some serious profit from this
>>>> expirement. I think I'll go buy a copy...
>>>
>>> That price is worth the convenience of fetching the music free of
>>> hassle. Also remember that the middleman gets paid nada, so it's almost
>>> pure profit (bar bandwidth and Webmaster costs... maybe tax).
>>>
>>> That's about 8 bucks by the way.
>>>
>>> It'll be intresting to see how pricing ends up if you have many bands
>>> embracing Radiohead's new model... think about having to compete with
>>> Red Hat on the server... which is why I think that lessons, concerts and
>>> merchandise will pay off a great deal.
>>>
>>
>> The "middleman" in this context is the RIAA... the did indeed get nothing
>> in this deal and it's fantastic! I would normally expect that the RIAA
>> would pocket most of the money and give the Radiohead band members a few
>> cents on the dollar of sales.... it that much.
>
> Prepare for the RIAA thugs to retaliate against Radiohead.
>
> Music industry attacks Sunday newspaper's free Prince CD
>
> .----
> | The eagerly awaited new album by Prince is being launched as a free
> | CD with a national Sunday newspaper in a move that has drawn
> | widespread criticism from music retailers.
snip
>
> http://business.guardian.co.uk/story/0,,2114557,00.html
>
> I spoke about this a few hours ago at the gym. It's amazing how little
> people
> know about the reason they pay so much for music and how little they pay
> for the actual artists whom they love.
>
The cool thing is... by my freedom of choice, I'll buy whatever Radiohead
chooses to publish on the internet. Each and every penny, a knife blow to
the music industry's heart... Their Wallet!
I love this... Most excellent...
--
Jerry McBride
|
|
