Radiohead’s new album will be available for download. The announcement for the much anticipated album comes less than two weeks prior to its release. In what seems to be a twist on Wilco’s recent run of making singles and albums available digitally, via their site, before the physical release of the album. Here’s the Radiohead twist, you set the price! Yes, you set the price. You pay an additional .45 Pounds for the download cost – beyond that you set the price.
Here’s another example of the Web changing traditional commerce models and a great example of strengthening one’s brand. I hypothesizing, but believe that most (or enough to make if viable) Radiohead fans will pay a reasonable rate to make it worth it to the band (who is releasing this without a major label). And what if they only cover the costs of the download? Who cares?! The real money for bands is through touring. They don’t tour to support an album, they release and album to support a tour. Also, this novel way of approaching an album release and pricing will generate enough buzz to continue to expand and sell the Radiohead catalog. Even the old label wins here.
A few takeaways: (1) Leverage new media in meaningful ways, just don’t repeat the constrained old media in a new channel, you'll just screw up faster. (2) Remain authentic (see #1). (3) Continue to engage and leverage your base community and allow room
Thanks to Kyle for the article.
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