Reznor Grosses $1.6 Million In The First Week Of Ghosts I-IV

from the nope,-no-way-for-musicians-to-make-money-at-all dept

Last week, we noted that Trent Reznor's latest experiment with business models had resulted in selling out the exclusive deluxe edition of his latest Nine Inch Nails offering, grossing $750,000. That, of course, didn't include any of the lower level sales. Reznor has now released the news that in the first week alone, the project has grossed $1.6 million in revenue, despite the fact that the music was widely available for free download (some of that helped along by Reznor himself). How long until someone says that there's no way to make money giving away music again?

Filed Under: business models, music, nine inch nails, trent reznor

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  1. identicon
    Mark, 14 Mar 2008 @ 9:07am

    Re: Re: This simplistic view is getting really tir

    Ok, let my provide another simplistic view of how this system could work for other "entertainment professionals":

    For example, say I am a song writer and I write a song for NIN and Reznor. Now, in the old system I would get royalties based on sales and whatnot. In a new system I sell them the song for a set fee (I can probably figure out what this fee should be with relative certainly) and a limited license. In addition I offer my services to "consult" with them at a set hourly rate to make any changes and modifications to the song.

    NIN and Reznor get a song they can make $1.6 million (or more off of) and I get paid upfront for my work. The better part being that I don't have to wait for royalties to come in, I am paid upfront and if someone makes me an offer I don't like I can hold on to the song until someone does.

    See, simple and profitable and no one is even out of a job.

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