Radiohead Says Name Your Own Price for New Album 498
TechDirt is reporting that the band Radiohead has apparently chosen the path less traveled when it comes to the release of their new album. They are offering two very unique methods of purchase for their new music, the ability to name your own price for a digital download or the ability to purchase a special "discbox" which will contain the album on CD and vinyl in addition to a horde of goodies. Will be interesting to see how this new model works out for them and what it might do to more traditional methods.
Don't know if it will work (Score:5, Insightful)
Even more interesting (Score:3, Insightful)
Re:Does... (Score:5, Insightful)
Of course it does. That's sort of the point, isn't it? You pay what it is worth to you. If it is worth nothing, pay nothing. If nobody pays anything, we are unlikely to see more music from Radiohead (especially under such permissive marketing schemes) but it wasn't worth anything to you so who cares?
If, on the other hand, it is worth something to you, you might want to send them something to encourage them to continue making music.
It's really quite simple.
Not sure about you, but I like this (Score:5, Insightful)
Only if the publish the results (Score:3, Insightful)
It will be interesting because they are (for whatever reason) a relevant and popular band with access to traditional B&M distribution. So we can see (very approximately and inaccurate duh)
-what geographic locations paid the most average price
-what geographic locations which paid nothing
-what the average per-download price was
-highest & lowest price
and so on... esp. since it's not often that a band with as much exposure as Radiohead (don't even say Prince or I will slap you) experiments like this.
Re:They're make up for it (Score:3, Insightful)
That's why I don't own Microsoft stock but do own Google stock. The question will be, how many of those people are aware of this and how many are Radiohead fans? I'm a bit shamefaced to admit that while I've heard of them, I wouldn't be able to name a song by them without resorting to Google/Wikipedia. But then, I'm not that into the music world. I probably have heard their songs day in and day out and simply haven't connected the song to the group.
This model, the cheap disc vs the expensive collector's item with goodies, has worked well in the video game and anime markets. I don't see much of a difference here other than the fact that they are marketing the cheap disc as "really cheap". I hope it works out for them. If previous experience is anything to go by, I think it will.
love this idea... (Score:5, Insightful)
I got a nice email from someone saying "thanks, but due to contract restrictions with the record label, they could not accept direct donations...please support us by purchasing our album from traditional sources" or something along those lines.
There is something 10x more satisfying by trying to give my hard earned money directly to the artist, and not to the scum-sucking music executives who have, for years, been stealing millions from naive, unsuspecting bands.
Re:Radiohead++ (Score:2, Insightful)
That's not true at all. Major tours cost huge amounts of money to move around, and are only used for promotion for the records. Bands don't tour so much these days because more of that promotional money is spent on the videos that they make.
I agree with you though that Radiohead can afford to try this kind of stunt even if it fails, so they're not laying a lot on the line. It'll be valuable for less well off bands though to see if it works.
And Video Killed the Radio Star (Score:4, Insightful)
"The traditional business model had been ruined by the Internet," said Grundy. "The industry is still trying to work out what on earth the new model or models should be and this is just one option."
Sucks when you've become redundant, eh? Authors are self-publishing; musicians can sell their songs on-line. They've found that they're doing most of the promotional work anyway, so why are you getting such a big cut? They've peaked behind the curtain and found there is no wizard. You evolve or you get run over.
Re:They're make up for it (Score:2, Insightful)
Re:They're make up for it (Score:5, Insightful)
Maybe if I was really hard up for cash, I'd consider putting in a lowball amount, but not $0. Putting in $0 would be worse, IMO than stiffing the waitstaff at a nice restaurant on their tip. You're not required to tip them, but you should. Why? They work hard, and make most of their money that way. Maybe it's just me, but I think that artists deserve to be paid for their efforts, even when they don't force the payment. They're asking to be paid a fair price, not to be stiffed. They've cut out the middlemen here, so perhaps that amount is less than you'd pay for a CD on Amazon. Perhaps it's more, for that very reason. They've let you decide.
Re:Does... (Score:5, Insightful)
Now, if Radiohead announced, "Hey, we made 20 million off this idea! Thanks guys!" then I could see the Tragedy of the Commons becoming common.
I adore Radiohead, but... (Score:2, Insightful)
CD 2
MK 1
DOWN IS THE NEW UP
GO SLOWLY
MK 2
LAST FLOWERS
UP ON THE LADDER
BANGERS AND MASH
4 MINUTE WARNING
Also, the only reason radiohead are in a position to do this is the label they used to be on. And while I think this is the perfect direction for them, but I don't think it makes sense for labels to disappear. Good labels filter out the garbage to find and promote the good bands (please don't make me list a bunch of good labels.)
Finally, the label actually does benefit from this because they will sell more copies of back catalog records as new people who have been living under rocks or graduating middle school will "discover" the band.
Anyway it's a lot to cope with in one day for a sad Radiohead obsessive like myself.
Odd model (Score:5, Insightful)
Hmmm.... Nice, but sadly I'm not 100% happy (Score:4, Insightful)
My guess is that the slashdot "groupthink" will be positive, and likewise, I'm broadly positive about the attitude behind this.
However, in the details, it ends up leaving me high and dry.
Downloads, for me, are for those cases where "there's only one or two tracks on the CD I really like". If an album is any good, I vastly prefer to buy the CD - I enjoy the physical product, the artwork, lyrics/inlay notes, the free backup, the future-proof lossless quality.
On the other hand, I've no interest in vinyl - I've got no decks!
So with a choice of "buy the mp3s" or "buy the CD and vinyl boxset", I don't really want either :(
Shame they're abandoning the middle ground of selling regular CDs, which I'd guess still represents the majority of music purchasing in the western world today.
(And no, this isn't one of these "and thus I feel justified in pirating" excuse-posts. I spend more of my money on music than any other form of leisure/luxury; over £100/mo isn't uncommon. And I'm in a band who has cd and mp3 sales [keiretsumusic.com] of our own, and we've been at the wrong end of Russian allofmp3 style sites ("wholly legitimate" cry the slashdotters - legally, perhaps, on a technicality, but not morally... they're not sending any money through) and p2p. So, if I like the sound of this, I will pay for it, but I will be slightly miffed there is no way to get a CD without also wasting money (and space) on unwanted vinyl.)
Zero paradox (Score:4, Insightful)
This is the first major label major band defection that I can recall since Trent Reznor, and this will be sizably more influential as Radiohead still has a career left.
The real problem with getting rid of major labels is how artists will handle promotion. Radiohead would not have become this big without mass-media coverage, radio station payola, and other forms of promotion. Independent artists have more freedom and make more money, but how do they promote outside a local area?
How much goes to radiohead? (Score:5, Insightful)
SO... how much of my price goes straight to radiohead? And how much goes to the MAFIAA (if any)? The article wasn't really clear about that point... Anyone care to enlighten me/us?
Admirable, but ultimately useless (Score:5, Insightful)
iTunes and other online distribution stores are a start. However, there still needs to be a better way to get lesser-known artists' music broadcast to as many people as possible, while still cutting the RIAA out of the loop. The answer to that dilemma? Well, I guess I'm not really sure. =/
$80 for a CD and vinyl? (Score:2, Insightful)
wtf? Radiohead being one of the bands whose albums I consistently listen to all the way through I was all about this, especially given that there would almost certainly be a higher-quality master on vinyl (due to its inability to participate in the loudness war), but $80 is crazy. If I knew for a fact that it was a fantastic master, with lots of dynamic range and absolutely no clipping I'd be willing to pay $40 for one of the two formats, but with no such guarantee--or any information at all for that matter--I can't imagine what makes this worth that price. Although I applaud basically giving away MP3s (because they're worthless), you can hardly call charging more than double price for a given media and then forcing us to buy two together getting it right.
Treat Them As Artists? (Score:5, Insightful)
Perhaps they are just artists. Granted, they've probably made enough money from their prior albums to no longer need to worry about money. They are treating their music like a piece of art. Real art should be free and open to the public (which is why public museums in London are free to the public). If this was their intention then I applaud Radiohead.
Personally, I'm a fan but not the biggest fan. I would've liked to sample the album beforehand but their reputation and previous albums are good enough for me to put money on the line.
Re:Odd model (Score:4, Insightful)
People already pay ridiculously high prices for albums that they haven't heard all the way through. Often times they're buying it just for one or two songs that they've heard on the radio, and the rest of the disc is just gravy (or filler). The cost of CD's probably has a significant effect on the baseline perceived value of a digital album that I mentioned earlier, although I'd guess that most people would agree that a downloaded song should be cheaper than a disc.
You're probably right in that people will tend to underpay initially out of fear of "getting ripped off", unless they're huge radiohead fans. But if you do that, and it turns out you really dig the album, and you wish you had paid more; I'm sure radiohead wouldn't mind if you paid for and downloaded the album again.
RIAA Even More Irrelevant (Score:5, Insightful)
The devil says "Come to my recording studio and we'll cut the record." Once you get there, they've got the studio lined up, the producer, and a few other people to "help you" make your record. If you ask about how much is going to cost, you get told, as is standard in the recording industry that "it will come out of the profits." Then you cut your album and "you have to promote it". If you ask how much that's going to cost...you guessed it kids, "it comes out of the profits". Now that you have to market your album, you have to go on tour. That means a bus, lights, roadies, stage, sound equipment, etc. If you ask how much that's going to cost...you guessed it kids, "it comes out of the profits".
While you're on tour, you need to have T-shirts, posters, bumper sticker, etc. You also need to have hot dogs, twinkies, beer, and cokes for people to consume during the concert. If you ask how much that's going to cost...you guessed it kids, "it comes out of the profits". By the time they're through pulling all the costs out of "the profits", there usually aren't any profits left, which means all that the artist gets is what ever they get as a signing bonus. Not the advance - the signing bonus - since the advance comes "out of the profits", too.
The way that this works out is that if you're lucky, the artist on any given album might see 1 or 2 cents of the $16.99 you pay for CD of music at Wal-Mart. Given that the Internet is the ideal distribution medium for music, I'd rather just go to the artists web site and buy the songs directly from them. Then the artist would get the whole $16.99 for the album instead of $0.02. But you see, the RIAA can't allow that because in that $16.97 lies their profit margins. Without them, it's a brave new world for digital music.
Why do you and I have to pay a third party middleman to broker the transaction for nothing more than a song? Worse yet, we are required to continue to pay this middleman who threatens to sue both the consumer and the musician when we try to cut him out of the transaction. If the artist tries to sell their songs on the website the RIAA will try to sue them for contract violations. If you and I try to download the music, we get sued. The only reason for this is that it leaves the big, fat RIAA profit margin intact.
The RIAA complains that their sales are down and points an accusing finger at "piracy". I'd like to take a moment to dispel that myth. When Napster was operating at it's peak, music sales were up 20% without the RIAA doing any additional marketing. Viral, word-of-mouth would spread quickly about new bands and good new interesting music. People were buying CD's because they'd get a taste of some stuff and like it. Then they'd go to the store, find the artist and buy some stuff. Now, there's no place to share that isn't full of viruses, worms, trojans, fake files, etc. No more free marketing RIAA - you pretty much litigated the goose that laid the golden egg out of existence.
Compounding the problem is that the RIAA is key in determining what gets pushed to the public. Frankly, I think that they've lost the pulse. We don't care about Brittany Spears, although my husband was caught peering at her photos when she got snapped sans the undies. For some reason, the music industry has decided to cater to 14 year old girls. Why? I don't really know. When's the last time you saw a 14 year old that had more than $20 of disposable income at any given moment? If you
Re:Don't know if it will work (Score:5, Insightful)
Re:I don't even know what music they make (Score:3, Insightful)
Cheap CD's for us. More money to the artists. What's not to like? I mean, unless you're the record company.
Re:$80 for a CD and vinyl? (Score:0, Insightful)
Re:Does... (Score:3, Insightful)
Your mistake is to assume that standard game theoretic notions of "rationality" apply to human beings. There's ample [wikipedia.org] evidence [doi.org] to the contrary [bc.edu].
What a load of wank (Score:5, Insightful)
It's assinine to be crapping on about "dynamic range" and so forth. Given the albums provenance it will probably sound like Radiohead want it to sound which is where the actual value lays for people who like their music.
Re:Treat Them As Artists? (Score:5, Insightful)
Re:$80 for a CD and vinyl? (Score:1, Insightful)
Re:What a load of wank (Score:4, Insightful)
If we were solely rational (Score:3, Insightful)
There is more to life than game theory, thankfully.
Awful site (Score:3, Insightful)
Re:They're make up for it (Score:3, Insightful)
Having worked as a waiter before, I'd say that you have no idea how stressful and hectic it can be. A good waiter does have a number of specialized skills, including diplomacy, efficient time management, and expectation management. Having a good memory, the ability to multitask and think on your feet, and keep the customer satisfied as their sole conduit to the (usually harried and even more frazzled) kitchen staff is a lot more challenging than you'd think.
I've never been a waiter but I'll second that. Let's say the average tip is the aforementioned 18%, and since the whole point is to be a discretionary reward, that I range from 10%-25% for below average to above average service. If the check for a party of two comes to $50, then I might tip between $5 and $7.50 (examples only, I don't actually count pennies). Surely the difference between a good and bad server is worth $2.50.
So what do I get for my extra $2.50? Not having to ask twice for condiments. Having the guy notice I need a refill before I give up in vain and start holding the glass above my head. Not sitting for a half hour waiting for my check. Not getting my order screwed up. If someone does all those things they make my dinner more enjoyable; I have no problem rewarding them for it.
Now, one could claim from a statistical standpoint that the amount of the tip need not correspond directly to the value of the service, but to the discretionary portion of the service alone. A tip of zero should correspond to bare minimum service or the least amount a humane person would leave, with the employer picking up the difference and increasing salaries. In America, anything below 10% is considered unconscionable. What's the point of the tipping system, if it's not actually discretionary? Just save me the hassle and pay the servers more. That way, they don't worry about getting stiffed by tightwads, and leaving a sizeable tip would be more of an actual reward than something servers count on for their salary (which seems to have been the original point of the whole custom).
But in general, having had a number of friends who were servers in college and hearing all the crap they have to do...yeah, cut the server a break. Another reason that tips seem high: yes, they probably do make $30 an hour on Saturday night - but that accounts for 1) the fact they have to work Saturday night, which sucks, 2) it's not always that busy and lucrative, and 3) at a lot of places, they have to show up before the restaurant opens to do prep and stay afterwards to do close, at which point they make half minimum wage. And if it really were that lucrative, you'd see a lot more non-teenagers making a career out of being an Applebys server, but somehow I think it's not that great a deal.
Re:$80 for a CD and vinyl? (Score:2, Insightful)
Re:They're make up for it (Score:3, Insightful)
(Not a fan, so didn't participate in that little experiment of his, but the thought occurred to me since so many people started out paying.)
Re:What a load of wank (Score:5, Insightful)
Well, to make you feel better, I'm sure that you could hear the difference if you knew what to listen for and listened for it.
Well done on turning a relaxing hobby into hard work.
Yes, CDs sound better than mp3s, but if you rip half decently then the difference is negligible for the vast majority of people, say 95% of them. Double blind tests bear this out. Sure, a handful of audiophiles can tell the difference, but you guys are far and away in the minority. No one really cares about your airless gold plated cables on your hi-fi that cost more than my car. Most people listen to mp3s on an ipod using low end earbuds, and most people are perfectly happy with that.
Mod parent up (Score:3, Insightful)
Not true. Levels of uniqueness exist (Score:3, Insightful)
This is trivially disprovable. Any collection of objects can have a mixture of unique and shared elements. What do you call the result other than 'partially unique'? Take a Linux distribution, or human DNA, for instance. We have unique bits - a tiny fraction of the whole - and we have this vast sea of shared bits.
It seems to me that it's perfectly sensible to say '25% of this collection is unique', and therefore to say 'this collection as a whole is 25% unique'.
An entity which was '100% unique' would be utterly alien to us, by the way. We'd have absolutely no referents for it at all. It probably wouldn't even exist in our spacetime universe, because by so doing it would share phenomena with many other objects and thus compromise its uniqueness.
Big mistake: radiohead site doesnt have bandwidth (Score:3, Insightful)
If people download the album from another place they aren't going to see any donations.
They need to get their site fixed so that it is no longer getting slashdotted or else they areen't going to prove anything.
Re:Even more interesting (Score:3, Insightful)
Re:What a load of wank (Score:3, Insightful)
There's a lot of formats out there, all with pros and cons, but if you spend too much time worrying about all the problems you'll lose sight of why music is enjoyable in the first place.
Re:Does... (Score:3, Insightful)
This is true, but there are many ways of supporting a band. Seeing them live, buying merch directly from them, turning others on to their music, wearing a beaten-up old t-shirt with their name on it, performing drunken, off-key renditions of their songs to anyone who will listen
You bring up a good point about the "tragedy of the commons" though, and I don't have the background in economics to counter with anything intelligent, other than my gut feeling that tells me if something is truly "worth it," enough people will support it.
A good example is my favorite [radioparadise.com] Internet Radio station, which is entirely listener-supported and commercial free. A lot of people I have told about it think I'm crazy for sending them money every month when I could just listen to it for "free." And I'm sure a lot of people do just that. I did for a good year or so before I decided to start supporting them. But I have been supporting them for a couple of years now, and others must be as well since they are still in business, playing music 24/7.
The reason I support them (and I assume the reason others do as well) is simply because I value what they do, and I would regret it horribly if they went quiet one day and I did nothing to prevent that. They still might go quiet despite my support, but I can't control that. I can only do what I can do.
And this brings up another point. This idea of voluntarily supporting the music you like might not be enough to pay for all the payolla, Lear jets and cocaine that seems to be necessary to keep the traditional "music industry" going, but maybe we don't need all that. Maybe we just need people who love to create art (and we've had those since the stone age) and people who love to listen to/watch/feel/smell/taste it to recognize how much they value each other. It may not work in all cases, but I'll bet it would allow more musicians to give up their day jobs than the current system.
Re:$80 for a CD and vinyl? (Score:3, Insightful)
Re:What a load of wank (Score:3, Insightful)
Massive in the USA (Score:2, Insightful)
Between that and the previous mentioned 6 records instead of 7, you are pretty ill informed to be "Insightful"