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Louis C.K. experiment results: over $500,000 in 4 days

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51–60 of 291 posts

Re: Louis C.K. experiment results: over $500,000 in 4 days

#51
post #35

I really hope people don't turn this into a "Louis CK did it, so you should publish without DRM!". I agree with the anti-drm sentiment a lot of people hold, but this experiment only worked because it's "rare". Every time something like this is done people use it as evidence of the viability of the idea (Radiohead's pay what you want comes to mind too) and that really shouldn't be done. The only reason I heard about t…

That's bunk. It boils down to saying, "sure, it worked for Louis CK and Radiohead, and Cory Doctorow and Humble Bundle. It worked for Trent Reznor, OK Go, and pretty much everyone funded by Kickstarter... But it could never work for you." This stuff doesn't because it's sprinkled with magic experiment dust. It works because the authors are doing good work, they're able to build a fan base, and they're able to make th…

The reason it works for those specific groups is because of their fan base. Do you think that if Britney Spears tomorrow launched a similar "DRM free pay what you want" sale that and the "viral" element (news articles about how edgy it is) didn't exist she would have the success that these people have? She would outsell all her other releases because "whoa DRM free this is incredible!"? I don't think so, her average fan (vs average fan of Louis CK or purchaser of Humble Bundle) do not give two fucks about whether or not music is DRM free or independent and would treat it just like DRM music is treated.

The reason this was succesful for Louis CK is because it (for want of a better phrase) "went viral". People spread the existence of this around because he is being edgy, because he's doing something nobody else has the balls to do. If every artist released their creations independently, DRM free and without any "major label" backing this would have flown straight under the radar and been a resounding "meh" in sales.

This sold because it "went viral". The story of what he was trying to do, the desire to prove people wrong. This had the absolute perfect marketing; better marketing than money can buy, but this isn't a group of buyers with endless supplies of money. If what he did became the standard it would no longer succeed like this did.

How many years ago was it edgy to release an album on the internet? I wasn't on the internet back then so I can't provide any examples, but I'll put money on this happening and back then it being a guaranteed success because the people that wanted to prove that selling online could work bought it. I'm going to try and find one.

Re: Louis C.K. experiment results: over $500,000 in 4 days

#52
post #23

Louis C.K. deserves all credit for showing that you don't need a label, that non-DRM distribution's benefits outweigh its costs, etc. Yet to me the real lesson is about the remarkable PR he's built for this story around being the "purple cow" and his ability to market to his audience (holding a AMA on Reddit even).

Didn't Jonathan Coulton already show that?

> In 2010, Coulton's music brought in about $500,000 in revenue. And since his overhead costs are very low, most of that money went straight to him.

http://www.npr.org/blogs/money/2011/05/14/136279162/an-inter...

Re: Louis C.K. experiment results: over $500,000 in 4 days

#53

I'm glad he made some money on it. His mind will be blown when the 'long tail' kicks in (people buying this video 3 years from now, still). He mentions "This [$200,000] is less than I would have been paid by a large company to simply perform the show and let them sell it to you, but they would have charged you about $20 for the video." Here is the part where this can go off the rails. So the long tail will hit, peopl…

More valuable than the long tail is that he probably has an email list of ~20,000 people -- and more by the hour -- who have demonstrated interest in paying money for Louis C.K. comedy specials. I trust I don't need to tell you what to do with that if you're the exclusive producer of Louis C.K. comedy specials.

Re: Louis C.K. experiment results: over $500,000 in 4 days

#55
I love that this worked, even though I'm not buying. For me it's a value-for-the-money thing. I'm sure I can spare the $5, and I'm sure I would enjoy it, but still, I get a huge amount more value from my $8 monthly-fee-for-a-limited-selection Internet streaming service (yeah, that one, I still love it even after the bumps).

It's really great for our freedom from DRM that this worked, and I almost bought it just to support that cause, but ultimately I think prices have to be even lower for me to do outright purchases of content. But then, maybe that's just me. A lot of other people voted differently this week, with their wallets, and that says a lot.

Re: Louis C.K. experiment results: over $500,000 in 4 days

#57

I really hope people don't turn this into a "Louis CK did it, so you should publish without DRM!". I agree with the anti-drm sentiment a lot of people hold, but this experiment only worked because it's "rare". Every time something like this is done people use it as evidence of the viability of the idea (Radiohead's pay what you want comes to mind too) and that really shouldn't be done. The only reason I heard about t…

I think the Humble Bundle is a good measure to how these kind of experiments will succeed of fail. People are now starting to "complain" that they are released too often, and I certainly am seeing less and less enthusiasm for each subsequent bungle but there are still making a shitload of money on them, otherwise they would simply stop doing this.

Personally, I think that in a (utopian) world where media is easily available, not restricted, and is fairly priced (like Louis C.K's video) piracy will still be a major issue. Perhaps it will be reduced but even if content makers manage to compete with the availability of pirated content, they can never compete with the price.

Re: Louis C.K. experiment results: over $500,000 in 4 days

#58
post #41
post #20

Earlier quoted context omitted.

GHOSTS I-IV (Halo 26) and The Slip (Halo 27) were both hugely successful.

I forgot he released those in that format, and you're right; he really hit some impressive numbers with that experiment: "A week after the album's release, the official Nine Inch Nails site reported over 750,000 purchase and download transactions, amassing over $1.6 million in sales." (Ghosts I-IV)

I bought both Ghosts I-IV and The Slip. I also spent $300 on the Girl with the Dragon Tattoo soundtrack that he put out last week.

And I downloaded Niggy Tardust for free. I did this because I had never heard Saul Williams and wanted to support an artist who I had never heard of. But after listening to it, I honestly just didn't like it, so I did not go back and buy it.

I wonder how many people were like me and downloaded it for free because of the experiment and Trent Reznor's involvement but didn't pay because it wasn't their style of music.

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