Trent Reznor Gives Away New Album As A Completely Free Download
from the plans-to-charge-for-scarce-goods dept
Trent Reznor continues to show that he has a good understanding of the economics of free content. Two months after releasing a new album online, and quickly selling scarce goods that earned him a pretty penny, he's back offering another new Nine Inch Nails album as a completely free download in a variety of high quality formats. However, it's not just that. He's also planning to then sell (scarce) versions of the product as well, in CD and vinyl format for those who want it. And, given his past experiments, it seems likely that he'll figure out a way to make it worth buying. While Radiohead has basically shown that they just got lucky in picking a random publicity stunt, Trent Reznor has shown that he's actually really interested in the economics and business models that will work in the online world.
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good business by shanoboy on May 5th, 2008 @ 10:13am
It's too bad that the record companies don't start doing this. Fact of the matter is, most people are going to download the album as opposed to buying a physical copy of it.
They could make more money by selling a value added package instead of just losing all their money to piracy or losing most of their money to Itunes.
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too bad by Liam on May 5th, 2008 @ 10:13am
It's just too bad Trent isn't a massive celebrity (well, he is, but not exactly mainstream is he) because this won't be so public like the radiohead stunt.
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Re: too bad by Anonymous Coward on May 5th, 2008 @ 10:21am
In fact, this free stunt might actually be bossting his sales, as NIN's isnt as popular really as it once was, and certinally not as popular as a lot of the top 40 bands. funny, free music once again makes someone richer. take that RIAA
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by Anonymous Coward on May 5th, 2008 @ 10:30am
Amusingly, I just got an email with tour dates and was considering going; this seals the deal.
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by Anonymous Coward on May 5th, 2008 @ 10:30am
And with all the heavy-weight files on torrents, his site is less likely to crash this time.
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Re: too bad by TheDock22 on May 5th, 2008 @ 10:41am
Radiohead is more popular than Trent Reznor? Since when?
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by Overcast on May 5th, 2008 @ 10:43am
Amusingly, I just got an email with tour dates and was considering going; this seals the deal.
Yeah, my daughter's been wanting to go to a concert - I think I'll go download and check this out.
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And followed with more scarcity by Brian Walsh on May 5th, 2008 @ 10:43am
In addition, they emailed anyone who had purchased the first experiment with an email alerting of not only the free download, but their newly announced tour schedule. In fact, they are "rewarding" fans by opening up the sales 3 days early and limiting the number of tickets, printing the name of the fan on the ticket, and requiring photo id. I wonder if NIN staff reads Techdirt...
Email:
Nine Inch Nails is touring the US and Canada this summer. Premium tickets for all NIN headline dates will be made available to registered nin.com members in advance of public on sales. Pre sale tickets are personalized with the members legal name printed on the face of the ticket and ID will be required for pickup and entry into the venue on night of show. Pre sale ticket supplies are limited and available on a first come, first serve basis. Our goal is to put the best tickets in the hands of the fans and not in the hands of scalpers and/or brokers. Register at nin.com and check the performance page for additional tour updates.
2008 Summer Tour
... list of all the tour dates ...
9/5/08 Oakland, CA [Oracle Arena]
Pre Sale: 6/12 (5:00PM)
On Sale: 6/15 (10AM)
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Re: too bad by Le Blue Dude on May 5th, 2008 @ 10:52am
Thanks to Quake, almost EVERY gamer's heard of Nine Inch Nails
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Re: Re: too bad by Anonymous Coward on May 5th, 2008 @ 11:03am
Well Radiohead have 96 million scrobbles at last.fm and NIN have 46 million.
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by Anonymous Coward on May 5th, 2008 @ 11:10am
NIN is my favorite band, period. They are awesome for many reasons.
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re: post 10 by barren waste on May 5th, 2008 @ 11:12am
What is a scrobble and how does it relate to the bands popularity?
As for my friends and I, we'll take NIN over Radiohead anyday.
It is certainly uplifting to see music stars making money off from the new business model Mike has been talking about. Hopefully this will lead to a new "Gold Rush" and the old record companies will die out. That in turn would lead to less financial backing of the copyright laws and we might just be able to get some progress there as well....
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Re: by Anonymous Coward on May 5th, 2008 @ 11:21am
Seconded-ed.
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Re: Re: too bad by JS Beckerist on May 5th, 2008 @ 11:26am
I've been downloading NIN since I learned what Napster was. Now I don't feel so guilty about it, and I can also send all my friends the link so they can hear it...
Still haven't purchased an album but I would definitely buy tickets to see him live, or maybe a live DVD.
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Re: Re: Re: too bad by Anonymous Coward on May 5th, 2008 @ 11:31am
I really recommend NIN CDs; quality stuff, and not just because of the music they contain. Collecting all the Halos may be a bit much to go chasing after, but it's definitely quality.
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Re: downloading vs buying by Anonymous Coward on May 5th, 2008 @ 11:47am
I know most people are expected to leech this music, but I will probably buy it on hard-copy -- but only if it's good. Otherwise it's streaming radio or nothing.
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Scrobble by Kevin on May 5th, 2008 @ 11:57am
Scrobbling refers to uploading listening statistics to Last.Fm. As they put it, "Last.fm is the flagship product from the team that designed the Audioscrobbler music engine. More than ten million times a day, Last.fm users "scrobble" their tracks to our servers, helping to collectively build the world's largest social music platform."
as they say, "The Audioscrobbler system is a massive database that tracks listening habits and calculates relationships and recommendations based on the music people listen to.
After installing an Audioscrobbler plugin for your media player (eg iTunes, Winamp, Amarok) the name of every song you listen to is sent to the Audioscrobbler server and added to your music profile. The Audioscrobbler system powers our main site, Last.fm, as well as exposing data via webservices so other projects can make interesting things from the data and recommendations we provide."
When Radiohead released In Rainbows, all ten tracks were the top of Last.fm's charts for seven or 8 weeks - impressive, but it must be taken with a grain of salt. The average person doesn't use audioscrobbler, and those who do may be predisposed to already like Radiohead.
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Update to that last bit by Kevin on May 5th, 2008 @ 12:06pm
Even now, out of the top 20 tracks scrobbled last week, 9 of the ten songs from In Rainbows are part of the list.
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Re: Re: Too Bad by Liam on May 5th, 2008 @ 12:39pm
Radiohead are much more mainstream then NIN are, myself, I prefer NIN but more people know of radiohead.
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Sharing License Too by Syn-Ack on May 5th, 2008 @ 1:03pm
Funny it wasn't mentioned. It's more than a give away, apparently there is a non-commerical sharing license with it.
we encourage you to
remix it
share it with your friends,
post it on your blog,
play it on your podcast,
give it to strangers
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Good work Trent by JD13 on May 5th, 2008 @ 1:58pm
It's so nice to see an artist really taking care of their fans. My hats off to you...
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i gave away my last album completely free too... by Adam on May 5th, 2008 @ 2:11pm
and although im not NEARLY where trent is, I had around 10,000 downloads
pretty neat idea and has been a great move to get more people into my music
works for independent artists too
way to go trent!
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by Anonymous Coward on May 5th, 2008 @ 4:02pm
I hate to break it to everyone, but Radiohead LOST money on the "pay what you want" deal. THey expected way more people to be honest and at least send them SOMETHING. Most people did not, and this business model is FAIL as far as I can see.
As far as someone's comment on Radiohead being more popular than NIN, well... get out much?
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Re: by Kiba on May 5th, 2008 @ 4:59pm
Please explain the mathematics behind your claim and your source.
You seem to offers a dissenting opinion contrary to popular consensus and something that can be backed up as well. let hear your presumably correct analysis.
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Re: by Mike on May 6th, 2008 @ 12:02am
I hate to break it to everyone, but Radiohead LOST money on the "pay what you want" deal. THey expected way more people to be honest and at least send them SOMETHING. Most people did not, and this business model is FAIL as far as I can see.
Radiohead admitted they made more money off of the "experiment" than on any previous album.
So... er... no. It was not a failure. They most certainly did not lose money.
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Re: by PaulT on May 6th, 2008 @ 12:58am
Ah, FUD. Don't you love it.
I'll repeat what Mike's said - Radiohead confirmed they made MORE money, not less (although they were cagey for a long time with actual figures).
What was actually stated was that they were disappointed by the fact that a lower than expected *percentage* of people paid for the album. Big difference. The fact that they still made so much money proves that the experiment did work - many more people obtained In Rainbows than any other Radiohead album, and they still made a decent profit.
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The Trent Reznor Community by cram on May 6th, 2008 @ 2:21am
Hi Mike
Must be one helluva self-congratulatory day for you, what with Trent Reznor going down the free music road once again, and this time with a vengeance. An entire album! Goodness! Maybe it's a supreme arrogance on Trent's part, to decide he doesn't need any label/company/association/marketing arm between him and his fans.
I'm sure he's going to make a pretty packet from physical media sales as well, especially if it has a lot to offer apart from the music. Though I'm still not convinced this model could work for everyone, or even a sizeable number of bands/performers, it's a start, and a good one as the middlemen are being cut out. Let's see how it pans out.
Perhaps Trent could become the center of gravity for all those who want to follow his and (Mike's) lead. Social networking for the freemusicians.
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by Anonymous Coward on May 6th, 2008 @ 2:28am
@ Mike:
"Radiohead admitted they made more money off of the "experiment" than on any previous album."
BULLSHIT
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Re: by Mike on May 6th, 2008 @ 4:59am
@ Mike:
"Radiohead admitted they made more money off of the "experiment" than on any previous album."
BULLSHIT
I quote: "In terms of digital income, we've made more money out of this record than out of all the other Radiohead albums put together, forever."
http://www.wired.com/entertainment/music/magazine/16-01/ff_yorke?currentPage=all
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Re: by SomeGuy on May 6th, 2008 @ 5:44am
Well, uhm, what business model would 'this one' be? If you think, "I'll give away my music and hope people, uhm, buy my music," then yeah, that'll probably fail for the most part (as notedm, though, In Rainbows made more money than typical, even if Radiohead had expected a greater percentage to pay for it).
But that's not what Reznor is doing. Based on Ghosts and the curious timing of The Slip in regards to NIN's release of tour dates and "premium sales to NIN.com members", whay Trent is doing is, "I'll give away my music and sell CDs, art books, vinyl, DVDs, show tickets..." I think he's got a good thing going here.
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by Overcast on May 6th, 2008 @ 8:52am
Thanks to Quake, almost EVERY gamer's heard of Nine Inch Nails
Yep - and I downloaded the CD for free. Managed to find my way to their online store too ;)
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Re: Re: by Anonymous Coward on May 6th, 2008 @ 11:31am
That's "digital income" not overall income. If you don't take that sentence out of context, it's obvious:
"In terms of digital income, we've made more money out of this record than out of all the other Radiohead albums put together, forever -- in terms of anything on the Net. And that's nuts. It's partly due to the fact that EMI wasn't giving us any money for digital sales. All the contracts signed in a certain era have none of that stuff."
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