Thursday, August 14, 2008

Pay what you want
How does it work for smaller artists, asks the New Times. Link.

snip... "So what does giving away music do for promotional efforts? According to Ian Rogers, former Yahoo Music VP of product development and now CEO of Topspin, a new digital music marketing platform, a good example is Saul Williams' recent release, Niggy Tardust.

"He sold about as many copies as he sold with his last release, which was on a label," Rogers says. "But [because of the free downloads] he was heard by ten times that, and that's affected his ability to tour; it's affected his entire livelihood. For him, the pay-what-you-want thing [has] absolutely been crucial to him or crucial for his career."

While Williams' collaboration with Trent Reznor undoubtedly provided ample promotion (although fewer than 20 percent of buyers chose to pay $5 for the album online rather than download it for free), it increased his chances of gaining a larger fan base.

Evidence corroborates: Lyle Lovett recently confessed to Billboard that after two decades and 4.6 million albums sold, he's "never seen a dime" in royalties and has made his living primarily off touring. That's a sure sign that business-wise musicians must find new ways to survive.

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