Radiohead May Have Made $6-$10 Million on Name-Your Cost Album

mytrip passed us a link to a Wired article indcating that if music industry estimates are correct Radiohead has made as much as $10 million on the 'In Rainbows' album so far. This despite the estimates of widespread piracy of the album as well. "[The estimate assumes] that approximately 1.2 million people downloaded the album from the site, and that the average price paid per album was $8 (we heard that number too, but also heard that a later, more accurate average was $5, which would result in $6 million in revenue instead).

Comments

I remembery trying to pay for this album

[bit trollent]

The website failed and left me frustrated. I went to my bit torrent site of choice and got it there.

Then I decided it was alright but not really worth paying for.

I wonder what Radiohead thinks about all the people who tried to pay for their music, couldn't and downloaded it / got stoned instead.

Re:One thing's for sure:

[Ynot_82]

and maybe it's due to the novelty of it.

would artists make the same sort of profits (eclipsing POS sales) if this model was more common place?

dunno
but it's a bit shortsighted to take one positive example and treat it as a working model

Not as Altruistic as First Appears

[Carcass666]

Radiohead has always been planning on releasing their CD in January. Putting out a 160 kbps crap quality version is there way to whet your appetite for the real CD, which will probably contain more content than the mp3 release and be of much better quality.