On October 10th, 2007,
Radiohead released its latest album. The twist is that they decided to circumnavigate the standard process put in place by the big record labels. They chose to only market and sell their album via their
website. Also, they designed the process so that the user pays whatever they wish....anything.... even $0.
So now a month later, how is Radiohead shaping out? Ingram 2.0 reports "
Who Paid What" for Radiohead's new album, In Rainbows.
People have paid everywhere 0 to 99 pounds (almost $200). The average price people paid was around 3 pounds.
At first glance, this may look like a small figure, but on average, if they sold the album through the traditional channels, they would have made about .5 pounds per album. So the average 3 pounds per album is quite an increase in overall sales! Genius!