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
    Willton, 15 Mar 2008 @ 2:01pm

    Re: Re: Re: Song Writers Payment

    So that's just one of the reasons why people think it's so gee-wiz cool. Another is that instead of coddling the artist, this new model returns control to the artist, requires the artist to make wise fiscally-responsible decisions to be genuine to your fanbase. Hiding behind a label, you can afford to be more of a reckloose (Britney- Shame, Shame on you!)

    Okay, first, it's "recluse," not "reckloose." If you're going to use SAT words, at least have a good idea as to how they are spelled.

    Secondly, artists have always had the ability to "take control" of their careers. The problem is that most artist in the music biz, especially those that are just starting out, do not have the resources to do so. Believe me, if and when artists think that they can make a decent living in the music biz without the label's help, they will jump ship. But typically, artists do not have the resources to get started and often have to rely on the label's help to provide funding for their craft (advances of money to pay for living expenses while creating their music, the ability to pay for the recording of the music so that the music is distributable, funding for promotion outside of music distribution, etc.). And a label is not going to do any of that for the artist unless it has an opportunity to get a return on its investments. That requires the ability to license the music for a fee.

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