Radiohead Tells Fans To Name Their Own Price For Latest Album Downloads; Gives Them A Reason To Pay

from the new-business-models dept

The band Radiohead is apparently coming out with a new album; the first after its original record deal was completed. It appears that, like many other musicians, they're realizing that the traditional recording industry business model doesn't quite make sense for them. While there was some buzz about an apparent hoax website about the band's new album, it turns out the real thing is a bit more interesting. That's because Radiohead is doing two smart things. It's telling fans they can name their own price for digital downloads. You just pay the band however much you think the downloads are worth and they'll be happy. But that's not all (though, that's what most folks are focused on). Rather than just offering up the content, they're also trying to give people a reason to actually buy something else. In this case, it's a "discbox," which will include the new album on both CD and vinyl, as well as an additional CD of seven extra songs and photos, artwork and lyrics. The whole thing will be packaged in a nice container. In other words, the band is following in the footsteps of folks like Trent Reznor, in realizing that the music is promotional for other stuff -- and you can still sell stuff if you make it worthwhile. In this case, Radiohead isn't really selling the "music." After all, you can get that for free. They're selling the full collection of stuff that comes with the music. Funny how it's the musicians, and not the record labels, who seem to realize that adding value and getting people to pay for it is a business model that beats suing fans.

Filed Under: business models, music
Companies: radiohead


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  1. identicon
    play for fun, 1 Oct 2007 @ 2:01pm

    More Road To Go

    Great news Radiohead,
    thanks to be open minded. Actually I think that technology today offers a whole new way of thinking about creation, distribution, consumming and maybe let us rethink the way the system works.

    Though we need much more way to go to make it a general schema even if it works for more than a decade in some branches (say free and open software - www.fsf.org) of our economy.

    The thing is that such a new initiatives need a support if we think that this is worth the idea, because the oposition from big companies will be great.

    p2pfoundation.net is a nice site that gives a whole bunch of new ideas of functioning in almost every domain of our society. Also the Jeff Vail's book (http://www.jeffvail.net/) 'A Theory Of Power' (you have a choice to buy the book or read it for free :-) is a lot about new models. Maybe there are more ? You know something about it ?

    Once more cheers Radiohead.

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