Radiohead will be releasing their latest album “In Rainbows” on October 10th. They are currently taking pre-orders through their website for a disbox or a paid download. With the download option there’s a unique twist, the buyer can decide how much they want to pay for the album. The record industry’s days are numbered.
via Xeni Jardin on Boing Boing
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Of course this is not an option for every band, but if all the superstar-bands that actually benefited from the old system to get to where they are, and now subsequently decide to go totally “indie†where are the major labels going to find the mega-revenues that used to subsidize the rest of the money-losing acts in their stable?
For those who want a full analysis of this offering I have consolidated all the details here: http://www.music2dot0.com/archives/47
I think Radiohead are doing some monumental here, but some people say if they had Radiohead’s money, they wouldn’t care about sales either. There’s a poll on pollsb.com about this new Radiohead move, check it out.
http://www.pollsb.com/polls/poll/2551/radiohead-to-release-new-album-in-rainbows-strictly-online-and-offer-digital-downloads-for-name-your-own-price-donation
Actually it’s $0 – $anything… If you pay greater than 0 than there is a 40 pence transaction fee.
Where do you get that it’s between $5 and $18? Pretty sure you can choose to pay nothing, and I don’t see why there would be an upper limit either.
Dr. Anonymous & Robert, that price range is something I saw on kottke.org, but it was for a different service. I’ve updated the post to remove the pricing.