In one of the first comprehensive looks at who paid what for Radiohead’s recent In Rainbows launch, comScore says that more than 1.2 million people used the download site in the month of October, and only 38 per cent of them paid anything for the music. In the United States, according to the traffic measuring company, about 40 per cent of the people who downloaded the album paid for it, and they paid an average of $8 (on a global basis, the average was $4).
There are a couple of ways to look at this. One is skeptically — after all, there were reports that Radiohead had 1.2 million downloads in the first two days, so it’s hard to imagine that it didn’t get substantially more in the next 20 days. As with most traffic-measuring firms, comScore also has a certain methodology that may or may be entirely accurate. It’s not clear what the survey was based on or how the firm got the numbers it is using (but like Ethan Kaplan, I think there are some big holes).
Another way to look at it, however, is that almost 40 per cent of people paid for something they could have had for nothing — and in the U.S., they paid the same amount as it would have cost to buy the album the regular way. That may not be great, but it’s not bad. On an unrelated note, the comScore press release contains a quote from a somewhat unusual music expert: Union Square VC and music fan Fred Wilson, who has more here.
I’m a Radiohead fan. Didn’t download the album. Don’t like MP3s. Now apparently they will also release it on CD. By the time they do, will anyone care? What’s the long tail on something like this? Or is it all over in a couple of days?
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I think your second point is spot-on. It’s estimated that there are 40 illegal downloads of music tracks for every legitimate purchase.
So the norm is for 2.5% of people to pay for music downloads.
Radiohead got 16X more people to pay than the norm by offering them choice.
I’m a Radiohead fan. Didn’t download the album. Don’t like MP3s. Now apparently they will also release it on CD. By the time they do, will anyone care? What’s the long tail on something like this? Or is it all over in a couple of days?