06 November, 2007
In Rainbows: Part 2
If you've been following the saga of the name your own price album sales of Radiohead's new album, I'm sure you've seen the numbers. Only 2 in 5 paid for the album and their average price was $6. This comes out to I think $2.40 per copy. This is about what an artist would make anyway. Only this way all of the money is going to Radiohead (minus some expenses, mind you, but not as much as a label would cost) and there is a feeling of goodwill towards them. Overall, I'd say that the music industry is fairly well screwed for a while. They'll figure it out eventually.
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