Says the Music Industry, “OK, We Get It”
Tuesday, May 6th, 2008It seems that some of the smarter kids in the music industry are really starting to embrace the way in which their fans access music online.
Coldplay just unveiled a new single to blindly faithful (and possibly deaf) audiences by giving it away for free. Despite the nearly intolerable, high-pitched wailing from Apple’s daddy that make me suddenly taste the food I ate an hour ago, Web site visits to Coldplay.com jumped 1800% after the single was made available online. According to a Hitwise report, most of the traffic came from an email service provider, which leads us to deduce that Coldplay has a sizable email contact list and is using it well.
Radiohead enacted a similar strategy with the release of “In Rainbows” back in October. Fans could pay what they wanted to download the album a few months in advance of the CD release date. Radiohead loyalists were required to visit the band’s Web site and name their own price. It doesn’t sound like capitalism, but the band made $3 Million. Hopefully Radiohead captured some emails too. :)
There have been other creative attempts to sell records traditionally still - like the sales “battle” between 50 Cent and Kanye West. But, perhaps the most business savvy of the new group of talented performers is Flo Rida. Yeah, that’s right - Flo Rida. The reason this guy is famous for one song (”Low”), is because that’s really all he’s made. He’s cut production cost involved with making a full album, made one amazingly popular track, and watched the currency pile up from itunes downloads and ring tone sales. Flo Rida has it taking place. Dude is my hero.
While musical talent reigns supreme and the truly great artists who maintain longevity in the industry still need some serious chops, intelligent, integrated marketing strategy certainly helps boost music sales. Thankfully, a lack of harmony between talent and ingenious promotional execution ultimately results in seeing the talent-less for what they really are.


