Friday, October 12, 2007

What Does Radiohead's Pay-What-You-Can Plan Mean for the Rest of Us?

Yesterday's edition of public radio's Marketplace featured FMC's own Michael Bracy, discussing Radiohead's pay-what-you-like pricing of its new album, In Rainbows:

The political statement may be that the system is broken. And that the layers and layers of bureaucracy, and all the different gatekeepers that have been in the middle between musicians and music fans -- well that goes away. Now, that doesn't mean that this is the solution -- this sort of voluntary tip jar model where everything's available for free and people pay for it if they want to pay for it. That's not a long-term, systematic solution for the challenges of how artists get paid in the future.

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