As one A&R executive at a major European label told Time, "This feels like yet another death knell. If the best band in the world doesn't want a part of us, I'm not sure what's left for this business."
So music execs freaked out and many in the media predicted that the sneaky, music-stealing public would pay nothing at all. Turns out, while plenty of folks opted for a $0 price tag, many more decided to support the band by dropping a reported average of five bucks.
Add to all this the fact that In Rainbows' musical chops proved the stunt more than a simple web gimmick. The album earned the band some of the best reviews of its career and landed on a distinguished collection of Best Album lists for 2007. Music review website Pitchfork, while itself calling the album "brilliant," even got with the program and allowed readers to enter their own numbered ranking that the site is known for.
Sure, the whole exercise could've been an eccentric marketing plan to promote the December release of a physical album (which eventually made it to the top of the Billboard 200). Perhaps many paid money out of respect for the idea itself, rendering the strategy iffy to anyone who follows the band's lead. And maybe it only worked because you'd be hard-pressed to find a more popular, well-known act in music. Still, just as Prince released an album free via a London newspaper only to cash in on the subsequent 21 sold-out shows in that city, big name acts with the requisite name recognition should be the ones pushing the boundaries as the music business continues to search for its new model.
Show off rich, innovative advertising. B-to-b marketers are wrestling with their own unique challenges--and proving that they’ve got what it takes to close the deal. Join an impressive group of past winners that includes Adobe, Avon, Cisco, Oakley, Time Warner Cable Media and more.
Extended Deadline: October 19, 2015. Enter now.