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Study Suggests Music Industry Embrace Piracy |
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Monday, 04 August 2008 10:04 |
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unassimilatible writes to tell us that according to the Financial Times, the music industry should embrace illegal file-sharing websites. A recent study of the recent Radiohead album release found that huge numbers of illegal downloads actually helped the band"s popularity and, by extension, concert ticket sales. "Radiohead"s release of In Rainbows on a pay-what-you-want basis last October generated enormous traffic to the band"s own website and intense speculation about how much fans had paid. He urged record companies to study the outcome and accept that file-sharing sites were here to stay. "It"s time to stop swimming against the tide of what people want," he said." Update 19:46 GMT by SM: several readers (including the original author) have written in to mention that it isn"t stressed enough that this study was engaged by the music industry itself, making the findings that much more interesting. Take that as you will. 
Read more of this story at Slashdot.
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