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Tilted Cat Head
Administrator
Location: Manhattan, NY
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Quote:
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Originally Posted by Martian
So big changes in the music industry, highlighted by these two major cases. Labels either directly or through their pitbull of the RIAA are alienating consumers on one side of the equation and artists on the other; this is their way of dealing with the fact that they're pretty much redundant in today's music industry. Artists are able to produce independently and provide the results directly to consumers, meaning that the Big Four have become pretty much unnecessary. I don't pretend to know what's going to come next, but I have an idea that it's going to work out better for everyone than the current business model.
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Yes, their claim that the artists are screwed and not making any money because no one is buying music. 
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Nine Inch Nails Album Generates $1.6 Million in First Week
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By Eliot Van Buskirk March 13, 2008 | 12:09:30 PMCategories: Digital Rights Management
Trying to find out how much money Radiohead made from the digital release of In Rainbows was like pulling teeth, but Trent Reznor has made no secret of how the Nine Inch Nails album Ghosts I-IV has sold. According to the band, 800,000 transactions generated $1.6 million in sales revenue in the first week of the album's availability, despite the fact that the 36-song version of the album is widely available on torrent sites.
Nine Inch Nails included free downloads in these figures, which are not being released to SoundScan in the traditional manner, according to Billboard.
Ghosts I-IV is currently the top-selling album on the Amazon MP3 store; again, Reznor paid approximately $38 to have it distributed there.
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Quote:
Nine Inch Nails Free Download Experiment Nets Over $1.6 million
Band leader Trent Reznor now encourages user-generated videos for Ghosts I-IV album.
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By K.C. Jones
InformationWeek
March 14, 2008 02:53 PM
Nine Inch Nails raked in over $1.6 million on their new album in the first week it was sold on the band's Web site, and now the band is trying another experiment.
Ghosts I-IV, released March 2, sold all 2,500 copies of its $300 Ultra-Deluxe Limited Edition on the first day. Sales of other packages, including partial album downloads, entire album downloads, hard copies of CDs, and a limited deluxe edition were also popular. In all, the band reported more than 780,000 downloads as of Wednesday. As part of an experiment in online music distribution, the band made the first nine tracks available for free and offered the entire 36-track album for $5.
"First of all, a sincere THANK YOU for the response to Ghosts," NIN front man Trent Reznor wrote in his blog Thursday. "We are all amazed at the reaction for what we assumed would be a quiet curiosity in the NIN catalogue. My faith in all of you has been restored"
Reznor encouraged fans to create videos to accompany tracks from the new album through YouTube. A panel of judges, including Reznor, will review the submissions and whittle them down to present those deemed the best during a virtual "film festival."
"This isn't a contest and you don't win elaborate prizes," Reznor explained. "It's meant to be an experiment in collaboration and a chance for us to interact beyond the typical one-way artist-to-fan relationship. We've discussed some interesting ways this could go, including multiple installments of the online 'film festivals,' to broadcast TV specials, to a one-time live performance of the entire Ghosts record with your visuals involved. It really depends on how this progresses and develops."
Fans interested in contributing can check out the official NIN YouTube channel and watch a video of Reznor explaining the plan. They can also watch the videos that have already been submitted (more than 30 in the first 24 hours) and view participation rules.
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