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Reznor Follows Radiohead, Offers Free Album
An anonymous reader writes "Convinced the current music business infrastructure (requiring artists to rely on labels) is broken, Nine Inch Nails front man, Trent Reznor, released his band's new album, Ghosts I — IV (Ghosts Volumes One though Four), on Sunday at 6 PM via his official site, marking yet another business experiment for this artist in the changing music market."
Funny that Trent should do it, he was a regular at a nightclub in Chicago over a decade ago that I was a part owner in, and used to scream about the record label monopoly even back then. Wonder if he ever remembers it...
I've helped a few bands over the years break free from relying on the distributor monopoly by providing their easily-copied material for free, while providing hard to copy material at great cost (or higher cost). Bands should make their big money by providing the hardest to mimic items at the higher cost, and the easy to mimic items at a lower cost.
The hardest to mimic? Playing live. This is where bands should make their money -- performing for fans. Those of us who are not musicians make our money, generally, by ongoing work. We don't get paid for previous work (often), we get paid for current and future work. Bands should be no different.
Trent has a unique set of prices on his site: $5 for a download, $10 for a CD+download, $300 for a CD, 180gram LPs, a DVD with 36 tracks of each song (to remix), and a giclee printbook. Great idea. The multitrack DVD idea I came up with many years ago for bands to release to fans to remix. David Crowder Band is one band that did this to great acclaim (and even released a few of his fans' remixes).
Trent is ahead of the game. I'm prebuying the $300 kit because I want to support Trent's ideas, music, and astounding insight into why the RIAA and other monopolists have no place in the new digital world. If it can be copied easily, the price should fall to near zero. If it can't be copied easily, the limited supply should dictate the price based on whatever the demand level is. Supply and demand, the most important aspect of a market economy.
This is NO experiment for Trent, this is his step into the correct version of the current music market. He doesn't need monopolized distribution from the RIAA, he has distribution. Even small bands are doing just fine distributing their music via iTunes, and touring, touring, touring. Selling t-shirts (which can be copied, but are a hassle to do a dozen cheaply), giving away hundreds of stickers for fans' cars (cheap), selling albums (LPs, impossibly expensive to duplicate), signing posters, and other options are a great way to provide a consistent income. Touring just 8 months a year, a few bands I've consulted with are already pushing nearly $50k per year per member in profit. Yes, it is hard work. Isn't what you're doing hard work, too?
Yup, think about it. This changes everything. When the RIAA goes after someone, they'll have to consider what type of license the music is released under. They can't have a blanket statement, "we distribute all music so therefor any and all copying is illegal." Now, some copying(/distribution) is illegal, guess who decides what will be successful, when the consumer has a choice?
FLR