Monday, May 5, 2008

Now serving: free lunch

Apparently, Trent Reznor has never heard of the famous economics maxim which states "There is no such thing as a free lunch." Today, Reznor announced that the latest NIN album was available to the fans 100% free,

This announcement comes two months after Reznor released Ghosts I-IV, a 36 track instrumental album in every format known to man. In the span of a week, Reznor sold roughly a million dollars' worth of digital downloads, lighting the internet on fire with his bold new delivery model.

As many have surmised, with the actions of NIN, Radiohead, and Coldplay, there is a paradigm shift occurring within the music industry. The old way of walking down to the local record store to pick up the latest released from Bread is going the way of the dinosaur. How much one laments the loss of such a process is growing more and more dependent on the age of individual.

Of course, it's going to be some time before this is preferred delivery model of music; the bands that are utilizing this system have huge, established fanbases. They have made it big, and can afford to take losses when announcing and delivering released of this nature. Your fledgling, indie band trying to make it big simply cannot afford to the same. At least, at the present time...

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