____/ 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.
|
| The Mail on Sunday revealed yesterday that the 10-track Planet
| Earth CD will be available with an "imminent" edition, making it
| the first place in the world to get the album. Planet Earth will go
| on sale on July 24.
|
| "It's all about giving music for the masses and he believes in
| spreading the music he produces to as many people as possible,"
| said Mail on Sunday managing director Stephen Miron. "This is the
| biggest innovation in newspaper promotions in recent times."
|
| The paper, which sells more than 2m copies a week, will be ramping
| up its print run in anticipation of a huge spike in circulation but
| would not reveal how much the deal with Prince would cost.
|
| One music store executive described the plan as "madness" while
| others said it was a huge insult to an industry battling fierce
| competition from supermarkets and online stores. Prince's label has
| cut its ties with the album in the UK to try to appease music
| stores.
|
| The Entertainment Retailers Association said the giveaway "beggars
| belief". "It would be an insult to all those record stores who have
| supported Prince throughout his career," ERA co-chairman Paul Quirk
| told a music conference. "It would be yet another example of the
| damaging covermount culture which is destroying any perception of
| value around recorded music.
|
| "The Artist Formerly Known as Prince should know that with
| behaviour like this he will soon be the Artist Formerly Available
| in Record Stores. And I say that to all the other artists who may
| be tempted to dally with the Mail on Sunday."
|
| High street music giant HMV was similarly scathing about the plans.
| Speaking before rumours of a giveaway were confirmed, HMV chief
| executive Simon Fox said: "I think it would be absolutely nuts. I
| can't believe the music industry would do it to itself. I simply
| can't believe it would happen; it would be absolute madness."
|
| Prince, whose Purple Rain sold more than 11m copies, also plans to
| give away a free copy of his latest album with tickets for his
| forthcoming concerts in London. The singer had signed a global deal
| for the promotion and distribution of Planet Earth in partnership
| with Columbia Records, a division of music company Sony BMG. A
| spokesman for the group said last night that the UK arm of Sony BMG
| had withdrawn from Prince's global deal and would not distribute
| the album to UK stores.
`----
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.
--
~~ Best of wishes
Roy S. Schestowitz | Linux: most popular O/S, yet not most widespread
http://Schestowitz.com | GNU/Linux | PGP-Key: 0x74572E8E
Mem: 515500k total, 457312k used, 58188k free, 1896k buffers
http://iuron.com - next generation of search paradigms
|
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