All The Jerks In The World Can't Stop This Money Train

Radiohead’s Rich

Eschewing traditional distribution, Radiohead released In Rainbows via the Internet. Despite some jerky fans who refused to pay nothing, the band’s raked in approximately $9.6 million. Via Machinist:

The British music newsletter Record of the Day conducted a poll of 3,000 purchasers of the album. People paid an average price of £4, about $8, the newsletter found.

Because the band isn’t working with a record label, it gets to keep all that money. If it had sold its songs instead on iTunes, it would likely have seen less than $1.50 per album.

If only more artists would get hip to giving away their tunes.