story here</i>
OH NOES!!!!
Except that 40% of downloaders paid $6 for the album. So that's 60% paid $0.
A link to indie distribution through iTunes. With some figures.
Note the “artist royalties” of $1.00 per album on a $7 album.
here
To my knowledge, 1/7th of the revenue is really, really generous.
I think it’s a lot more like $1 per $13.99 album in a retail store. Or 1/14th.
But, still, It’s a buck an album.
So, if, on average, Radiohead made. More than $1 per album, which they did by my sucktastic math calculations, they are kicking the ass of traditional distribution methods and THAT is the real story here.
It is a BETTER business model. It cuts out all the overhead. It doesn’t matter that some deadbeats didn’t pay and that everyone else paid less because they still more than doubled their profit.
Record companies should tremble in fear.
Artists should take heed.
Tags: business
Current Mood: annoyed
