What can “Radiohead” teach you about marketing?
Oct 2nd, 2007 by Gina Gaudio-Graves
It’s not very often that you get an opportunity to learn about marketing by studying a rock band. But that changed today.
If you haven’t heard the news yet, let me fill you in …
Each year, there are about 12,000 record albums released. Until now, all of these albums were released by artists through record labels.
The record label acts as a distribution partner. Obviously, that means that the label takes a cut of the sales. In fact, that’s usually a pretty large cut. This leaves the artists to share the remains among what is often many people.
One entrepreneurial band, though, is changing this model.
Today, a group known as “Radiohead” announced the release of it’s long awaited album, “In Rainbows”.
Ordinarily, such an announcement wouldn’t make me even read the entire notice. (I’m much more into the rock ‘n roll of the ‘70’s than the current stuff.) But this headline caught my eye …
“Radiohead Says: Pay What You Want”
What the heck? How can the music industry let you pay what you want for an album? Especially with so many players in the ring with their hands out waiting to be paid?
