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. icon
    Devilish Presley (profile), 1 Mar 2010 @ 6:07pm

    Re: Re:

    @ Mike.

    Thanks for your reply, much appreciated.

    We think your model will work for both big and small bands. The only thing we see as a slight flaw in it - is that the small bands have to get to a certain level before CwF + RtB becomes a viable model for them. That's why we dismissed the big bands, it will OBVIOUSLY work for them as you explained very convincingly re: NIN.

    If you can explain to us how small bands can achieve that level without selling their soul to an "old model" label - or giving away the rights to their "scarce goods" to a "new model" manager or label. We will then be certain that we "FULLY" understand this as well as you do.

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