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The Beer
I Love It When A Plan Comes Together
Premium
join:2001-07-24
Omaha, NE
clubs:
2 edits | Re: Another Issue And the downloaded it at home, wen't to work downloaded it again....
Came home, lost the first download so downloaded it again. | |
| moonpuppy
join:2000-08-21
Glen Burnie, MD
 ·Verizon Online DSL
| said by Nightfall  :How much did Radiohead make from selling their album this way compared to going through a label? That is what they should be focusing on. Probably more than if they went through traditional channels because everyone wants a piece of the action even before the album hits the store shelves. | |
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SRFireside
join:2001-01-19
Houston, TX
| said by Nightfall :How much did Radiohead make from selling their album this way compared to going through a label? That is what they should be focusing on. Nothing official has been released just yet, but speculation puts the sales figure at least around $6 million. If they are keeping all of the proceeds then Radiohead really came out ahead since album royalties hover around $1-$2 (depending on copyright ownership of the songs, length of song, number of tracks, etc) with the record label keeping the rest.
On top of that record labels tend to tag on production and promotional costs on their contracts, which means the label gets a lion's share of the profits while at the same time taking the artist's share of the album royalties. Essentially they are getting paid back their costs to produce (sometimes even promote) the record by the artist.
If Radiohead did all of their own production and distribution on this little project (which can't be more than a million... and that's a gross over-estimation) then they definitely netted more on this than with the label. On top of all that Radiohead will still get their share of the album sales from the label when the physical disk is released.
The cheapskates got their free album with no fear of copyright infringement, the band got millions of dollars from the people who like supporting the artist, fans got to buy the album at a price they felt was fair, the record label got zilch. It's a win/win  | |
| | 
Nightfall
My Goal Is To Deny Yours
Premium,MVM
join:2001-08-03
Grand Rapids, MI
 ·Comcast
·AT&T Midwest
 ·Site5.com
| Re: Another Issue said by SRFireside :said by Nightfall :How much did Radiohead make from selling their album this way compared to going through a label? That is what they should be focusing on. Nothing official has been released just yet, but speculation puts the sales figure at least around $6 million. If they are keeping all of the proceeds then Radiohead really came out ahead since album royalties hover around $1-$2 (depending on copyright ownership of the songs, length of song, number of tracks, etc) with the record label keeping the rest. On top of that record labels tend to tag on production and promotional costs on their contracts, which means the label gets a lion's share of the profits while at the same time taking the artist's share of the album royalties. Essentially they are getting paid back their costs to produce (sometimes even promote) the record by the artist. If Radiohead did all of their own production and distribution on this little project (which can't be more than a million... and that's a gross over-estimation) then they definitely netted more on this than with the label. On top of all that Radiohead will still get their share of the album sales from the label when the physical disk is released. The cheapskates got their free album with no fear of copyright infringement, the band got millions of dollars from the people who like supporting the artist, fans got to buy the album at a price they felt was fair, the record label got zilch. It's a win/win It will be interesting to see how unsigned artists do with this. For as much as the RIAA sucks balls, they do advertise and get artists airtime. Radiohead is popular because of their past popularity.
Getting your name out there as being a big time musician is not an easy task. Thats not saying this delivery system won't work for everyone though. It will vary. However, how much would some beginning unsigned artist make off this system? Not much probably. | |
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SRFireside
join:2001-01-19
Houston, TX
| Re: Another Issue said by Nightfall :Getting your name out there as being a big time musician is not an easy task. Thats not saying this delivery system won't work for everyone though. It will vary. However, how much would some beginning unsigned artist make off this system? Not much probably. At the same time the overhead will be much less. One of the original purposes for MySpace was a way for unsigned artists to get their music out. Social networking sites such as that one are probably the best way to go. If I finally got off my butt and actually put together an album full of broadcast-worthy songs these are the steps I would take:
- Be prepared to sell a fully produced hard-copy CD. Last I checked it would cost $1-$2 per CD to make high quality pressings with color inserts in small amounts (1000 CDs). Less for a higher stockpile. Get set up with Amazon.com and you're golden.
- Create an eCommerce website to sell the songs for those who want to download. This will also be the official artist's site with message boards, news and all that other stuff potential fans want. I was thinking of offering free downloads at a lower bitrate than the purchased files, but maybe using Radiohead's business model would be a better approach.
- Get crazy with the social networking. Make a MySpace site with streams showcasing my songs along with links to Amazon and my site for purchase. Go to other social networking sites and do what you can on them to promote the album. Probably bug BBR with some shameless promotional plugs in the forums (don't ban me yet BBR) 
- Do some local networking with college radio stations and other independent broadcasts that would consider airing my music. This would also include talking to web radio stations. Maybe go to some retail stores that would like playing my music for their customers. Offer all of these outlets royalty-free access to my music to help sweeten the pot.
Will I end up making $6 million? Not likely. But good music has a way of getting around so if my music is any good I will definitely get a return on my investment. If it's really good then we're talking some serious supplemental income. Jeez... why am I not doing this now?!?!?
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\\If a label did offer a contract I would definitely hire a music lawyer and make sure I have my bases covered (details on that would take a whole new post... if not thread). | |
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