Wednesday, March 05, 2008

The New Music Business Model

"It looks like Trent Reznor's new Nine Inch Nails album experiment is a success. Among the various options he gave fans, the most expensive was the $300 Limited Edition Ultra Deluxe Package. It took just over a day for that package to completely sell out, earning Reznor $750,000 in revenue from just that option alone."

Now I know Trent Reznor is a known 'commodity' so it was always going to do well but.... $750,000 in revenue from a limited edition package sold via their own website with no 'music execs' or RIAA getting their thats a new business model for music.


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