Thu 11 Oct 2007
And so it starts: And The Walls Come Tumbling Down.
Since reporting Monday that Nine Inch Nails had dumped its record label and was to offer future albums direct to the public, Oasis and Jamiroquai have also joined the move away from the record industry, but the biggest announcement of all is news today that Madonna has dumped the record industry.
I heard somewhere that the average price paid for Radiohead’s new album In Rainbows is about Â£7-00. A pre-release survey showed Â£5-00 but this is potentially skewed by the nature of the survey being in public forum. In that same forum it is stated (whether true or not I do not know) that from a Â£9-00 album the artist sees Â£1-22 but I also guess that recording fees come out of the record companies pocket. Whatever - the economics for Radiohead (not that I guess they care) look very favourable.
Are we witnessing the tipping point?