
This news is probably getting out a lot on the inter-tubes just now, but it’s still noteworthy enough for me to write about, in any case. Nine Inch Nails has decided to release a set of four albums worth of brand new instrumental music, Ghosts I-IV, using the internet as the distribution method. They’re giving one album away for free, and the remaining three can be gotten through a variety of means, including very reasonably priced, high quality MP3/FLAC download ($5). On top of that, it’s Creative Commons licensed, so if you do happen to not want to pay for it, you’re not doing anything illegal!
So, it’s pretty obvious that Trent Reznor and company understand how to do business in an internet-enabled world. This really isn’t surprising, given that Reznor has freely admitted to being an oink.cd subscriber back when it was still around. I was on the Ghosts site yesterday, and it was absolutely slammed with traffic to the point that I couldn’t even buy the album. In this day and age, that’s a really good problem to have – too much demand! More than the Radiohead In Rainbows promotion, though, NIN has taken this model to a new level, offering a product at a price that seems fair given the distribution model. On top of that, there’s a ton of the promotion and other opportunities this move presents, with related merchandise and concert sales.
There’s a great opportunity that exists right now to become a real player in music e-distribution right now. What does exist, namely iTunes and the Zune store, don’t even get anything too right. iTunes is price-constrained ($.99/song is ridiculous, and with Apple DRM on top of that) and the Zune store is similarly price-constrained, but without the DRM (good) or the fanbase (bad). If someone could come along and offer distribution and promotional services to bands in exchange for a cut of sales and could sign some great acts, what a great business to be in. It’s bound to happen, and everyone will win, as opposed to the environment today where there are only casulties in this pointless RIAA-consumer war.