In the first month, about a million fans downloaded In Rainbows. Roughly 40 percent of them paid for it, according to comScore, at an average of $6 each, netting the band nearly $3 million.
localhuman: A waffles invite would be much appreciated...
krinklyfig: The only disaster is if you've come to depend on the way the system is set up, which has been in existence for less than a century (and, for studio musicians, only a few decades). I guarantee music will continue to be written, recorded and played as long as people have the capability to do so. You may not be able to hitch a ride on the industry way of life, but that doesn't mean you have to stop playing music.
delmoi: I think one of the biggest problems with online sales is that there's no easy way to make impulse purchases online [...] People are always wary of giving their credit card information to yet another organization. We need a real easy to use micro-payment system in place to facilitate this stuff.
The other problem is that people just don't value music recordings that much. I'd never pay $1/song, especially with the money going to the RIAA. I'd pay $1/album maybe.
The subscription model is most likely, but it needs to be "all you can download" not "all you can stream" I mean, cheapskates might sign up once every 6 months and download all they can get, but if they are that cheap they wouldn't be spending much on music anyway.
The way to make money here is to charge for convenience, not content. Make your products easier to use then the Pirate Bay, and at a cost-effective price point and people will use it.
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