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
    SomeGuy, 14 Mar 2008 @ 10:03am

    Re: Re: Re: Re: This simplistic view is getting re

    So, right now it looks like Songwriters are basically freelance and write songs for whoever wants to liscence them. And maybe that's Ok but as you point out, it won't be sustainable if music goes where it appears to be heading. And maybe it'll be harder to break into the business, maybe not; that remains to be seen. (After all, who buys from unknown songwriters in the current modle? You have to get in SOME how.) But why can't a songwriter just be another member of the band? Even if just for starting out? I mean, the singer gets paid, the drummer gets paid, just slice in the Songwriter. And when their songs get popular enough, then maybe they can go freelance. I'm not business genius, and it's just an idea, but I'm sure there are others.

    As to writers, LOTS has been said about them, by Mike and others. I think it's stickier than music because, like you said, authors don't do "performances." But there are other scarcities they can sell, like the ever-present "exposure." And as the fact that Trent just sold CDs (which are well on the way to dying if not already dead), I imagine dead-tree books will be around as a piece of art for a long time even if ePaper comes into its prime. (Though I have strong doubts about ePaper, myself...)

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