fred-wilson: you want to know what the new model is for music. this is the new model. gtmcknight: Metric is label-less for its new album, and instead selling it on its own website (via Topspin) and through direct distribution deals with iTunes. They have made more money with 24,000 digital downloads in three weeks than they made in four years from their last album, which sold more than 45,000 copies. “Without any intermediary, we’re making 77 cents on the dollar for every record we sell” on iTunes. Under a label deal Metric would have earned closer to 22 cents. They also sold out of $64 deluxe packages on their own site. I LOVE THIS. (via Los Angeles Times)
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fred-wilson:

you want to know what the new model is for music. this is the new model.

gtmcknight:

Metric is label-less for its new album, and instead selling it on its own website (via Topspin) and through direct distribution deals with iTunes. They have made more money with 24,000 digital downloads in three weeks than they made in four years from their last album, which sold more than 45,000 copies.

“Without any intermediary, we’re making 77 cents on the dollar for every record we sell” on iTunes. Under a label deal Metric would have earned closer to 22 cents. They also sold out of $64 deluxe packages on their own site. I LOVE THIS. (via Los Angeles Times)

Source: Los Angeles Times

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  1. listsanddiagrams reblogged this from beautifulanddepraved
  2. menufisso reblogged this from gtmcknight
  3. pattonroberta reblogged this from helloszabi
  4. tetsuoshorts reblogged this from fred-wilson
  5. johnfitzpatrick reblogged this from florianschedler
  6. theagen reblogged this from fred-wilson
  7. phineaspoe reblogged this from beautifulanddepraved and added:
    The big labels really o have to go, they aren’t needed any more. There just isn’t a way to justify their existence any...
  8. carpentier reblogged this from fred-wilson
  9. beautifulanddepraved reblogged this from pegobry
  10. pegobry reblogged this from fred-wilson and added:
    Make room for the artist entrepreneurs.
  11. blackbutshining reblogged this from caterpillarcowboy
  12. heatherpattern reblogged this from caterpillarcowboy and added:
    I already have the digital, but I think I’m going to have to buy the vinyl now.
  13. caterpillarcowboy reblogged this from fred-wilson and added:
    Also, it’s a damn good album.
  14. florianschedler reblogged this from fred-wilson
  15. gregb reblogged this from fred-wilson
  16. steph reblogged this from fred-wilson
  17. emergentfutures reblogged this from fred-wilson
  18. garychou reblogged this from fred-wilson
  19. fillup reblogged this from fred-wilson
  20. jaredcardwell reblogged this from fred-wilson
  21. giantrobotlasers reblogged this from fred-wilson and added:
    artist get 100%* by selling over...channels the artist uses to communicate with their...
  22. peterglyman reblogged this from fred-wilson
  23. fred-wilson reblogged this from gtmcknight and added:
    you want to know what the new model
  24. rurorjuror reblogged this from artistspaid
  25. cerpintaxt reblogged this from corcarpemei and added:
    Each time I hear about the success of artists handling things on their own, I think less and less of the, “the internet...
  26. fredrik reblogged this from artistspaid and added:
    Ja, det är klart, det är lättare att tjäna dom större pengarna utan bolag om man redan är etablerad artist, men med...
  27. hanbanesty reblogged this from gtmcknight and added:
    use of direct revenue, and cutting...the middle man. This is great… and should be used as...
  28. ccarella reblogged this from artistspaid

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