Submitted by greggles (not verified) on Thu, 2007-10-18 06:34.
This is really cool, but until we see this done 10 times (or 20 times) I won’t believe it’s anything more than a phenomenon based on the novelty of the idea.
In addition to all the other things you get in econ101 should be that when the numbers are large enough, everything regresses to the mean.
I think the most likely end scenario is that the recording industry in total will shrink enormously – especially people who work for labels; bands will sell their songs for a small amount (DRM free); and consumers and bands will make out the best since the small amount will be reasonable to the consumer that they don’t feel the need to pirate that much and reasonable to the band without the label taking their cut.
This “name your price” success is, I think, just an anomaly. An exciting one, and hopefully inspirational to other bands, but not sustainable.
cool, but
This is really cool, but until we see this done 10 times (or 20 times) I won’t believe it’s anything more than a phenomenon based on the novelty of the idea.
In addition to all the other things you get in econ101 should be that when the numbers are large enough, everything regresses to the mean.
I think the most likely end scenario is that the recording industry in total will shrink enormously – especially people who work for labels; bands will sell their songs for a small amount (DRM free); and consumers and bands will make out the best since the small amount will be reasonable to the consumer that they don’t feel the need to pirate that much and reasonable to the band without the label taking their cut.
This “name your price” success is, I think, just an anomaly. An exciting one, and hopefully inspirational to other bands, but not sustainable.