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Wednesday, March 5, 2008

Nine Inch Nails In The Coffins Of The Record Labels?

On the heals of an arguably successful "pay what you want" music download campaign by Radiohead, Nine Inch Nails is leveraging BitTorrent sites and releasing songs under a Creative Commons license that permits purchasers to remix the tracks, according to a recent Wired article. The bands latest offering is Ghosts I-IV, contains 36 songs and split into four volumes. The first volume was uploaded to Pirate Bay by band leader Trent Reznor (and/or his representatives) where it can be downloaded for free. The entire 36-song version can be purchased digitally in MP3 format for $5 from Amazon MP3 or the Nine Inch Nails website, NIN.com. The move is possible because the band is no longer tied to a label and it has allowed them to get creative with how they sell and market their music. Besides the $5 downloads NIN are offering other packages such as a now sold out $300 "ultra-deluxe" limited-edition package (2,500 copies) that included four 180-gram records each numbered and signed by Reznor. Just wait until other contracts start to expire, it's probably not a good time to be holding shares in record labels.

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