British alternative band Radiohead released its latest album In Rainbows last Wednesday, October 10. Rumors have circulated about the new album for over a year. It took the industry by surprise when the band announced that they had plans to offer In Rainbows on their website for any sum of money. Customers have the option of buying a CD that will be sent to them on the release date or MP3 tracks that are received via e-mail.
Radiohead is able to offer the album at any price because they are not bound by any recording contracts. Their loyal fan base may not pay top dollar for the collection of songs, but they won't leave the band with empty pockets.
This event has changed the music industry forever. More bands will be adopting Radiohead's release method in the future, and labels may have to merge together or face the threat of an end to the middle man. For now, all that the record companies can do is wait and see; in time, music will likely become more accessible at a lower cost.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment