Metallica Sued Napster For This?

from the pound-foolish dept

David Levine has a post up looking at Metallica's revenue streams last year. Apparently, the band made the vast majority of its money from concert revenue -- bringing in $22.8 million. It made $1.6 million from album sales. As Levine notes:
Hmmm...think it would make a lot of difference to the world if they lost the $1.6 million from the albums? Without copyright they'd only make $22.8 million from touring...You might almost think it would be worth it to them to give the recorded music away for free to promote their concerts...
Or, hell, give away the tracks and promote other stuff as well. Selling music directly (relying on copyright) is a tiny business compared to the opportunities elsewhere. And, of all the bands out there, Metallica should clearly recognize that.

Filed Under: album sales, copyright, live, metallica, revenue

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  1. identicon
    wallow-T, 1 Mar 2010 @ 3:34pm

    Rocker asks: "What if I am an artist that does not want to tour at all?" Pretty much, you're out of luck. No more Kate Bushes or Glenn Goulds. Maybe Glenn Gould can get grant funding.

    But before the early 1900's musicians couldn't make money on recordings either. There was a window of about a century, between the time that recordings were possible at all--with sizable capital cost-- and the time that anyone could clone recordings for zero cost.

    And I suspect the phenomenon of the non-touring recording artist was limited to a few cases from 1950-2000.

    It's not that different from the 18-month period in the early 1950s when the Big Bands collapsed -- suddenly what people were willing to pay for music would not support a dozen musicians in a group. The way that performers can make money is going to change as a function of the economy, and technology is one factor in that economy.

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