Survival Strategies and the Real Value of Music

topic posted Thu, December 27, 2007 - 11:58 PM by  offlineMrOneness
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David Byrne and Thom Yorke on the Real Value of Music

www.wired.com/entertainme...-01/ff_yorke

www.wired.com/entertainme...-01/ff_byrne
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  • Re: Survival Strategies and the Real Value of Music

    Fri, December 28, 2007 - 12:53 AM
    And don't forget this:

    money.cnn.com/galleries/2...tune/58.html

    Somehow, making $3m in the first month without having to give it to a big label counts as one of the 101 biggest business mistakes in history. I wish I could make such terrible mistakes.
    • Re: Survival Strategies and the Real Value of Music

      Fri, December 28, 2007 - 2:24 AM
      Yea leave it up to a Magazine that reports on the Market and other big business activities to call Radiohead's quick $3m on their own "dumb"!


      "Then Fortune calls their decision the 58th dumbest of the year. Yes, the geniuses at Fortune believe that Radiohead screwed up, because they say that 68% of people who picked up the album paid nothing, and the rest of the listeners paid an average of six bucks. But of course, Fortune has got it backwards-- Radiohead, as we noted earlier in the year, would only have earned $1 per album going through the record companies, and so they were still able to rake in twice as much at their average of $2.26 per album download.

      Dumb? For the record companies, maybe-- they made exactly nothing off of Radiohead's new album. But when you consider what the band made, this distribution method makes even iTunes look dated."

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