
The British band Radiohead released their last album “In rainbows” in 2007 on their official website allowing users to download it paying the price they think it is worth, from £ 0.00 to £ 99.99.
This has been a revolutionary way of reaching the public, as it avoided any relation with major labels and it directly tackles the problem of illegal music downloads.
The band has always been active and concerned about the environment and politic issues, being appreciated by a large number of their fans. This way of releasing the new album has improved the image of an alternative band that wants to be close to its fans: by a consumer point of view, it means the opportunity of paying a “fair” price and getting the music quickly and, most importantly, legally. Consumers have seen it as a way of “fighting” the system ruled by multinational companies that are seen as making revenues to the detriment of artists and, therefore, consumers themselves.
This is a perfect example of the opportunities that the internet gives to market products or services, as Radiohead afterwards released the album through an independent label, they have been able to match digital sales with hard copies sales. In fact, as said, consumers had the chance to download it legally even for free, but at the same time people had the chance to listen to the product before deciding to buy it.
This has been a very creative marketing strategy; the digital sales of “In rainbows” overtook those of the band’s previous albums altogether (as their previous contract with EMI didn’t include any digital revenue shared with the band), and provided the band with great incomes both from digital sales and from in store sales.
This strategy was successful as it changes the usual marketing mix: the product has been made available in different formats, satisfying each kind of consumers (those who are used to download or those who like to own the CD); the place includes the “old style” stores and the always more developed world of the internet; the price has been the most revolutionized element, as it could be decided by the customer, and this can be included in the promotion, as it stimulated the buzz and the word of mouth, and created a wide interest within the public and the experts on the field.
Therefore, Radiohead have been clever to identify what the public was looking for, the feeling and behaviour consumers have towards the multinational labels (that was clear from the behaviour towards the increasing illegal downloads that results in a slump in music sales), and satisfying this “need” of revolution against the music industry, they could increase their success in terms of both the image and the revenues.
This has been a revolutionary way of reaching the public, as it avoided any relation with major labels and it directly tackles the problem of illegal music downloads.
The band has always been active and concerned about the environment and politic issues, being appreciated by a large number of their fans. This way of releasing the new album has improved the image of an alternative band that wants to be close to its fans: by a consumer point of view, it means the opportunity of paying a “fair” price and getting the music quickly and, most importantly, legally. Consumers have seen it as a way of “fighting” the system ruled by multinational companies that are seen as making revenues to the detriment of artists and, therefore, consumers themselves.
This is a perfect example of the opportunities that the internet gives to market products or services, as Radiohead afterwards released the album through an independent label, they have been able to match digital sales with hard copies sales. In fact, as said, consumers had the chance to download it legally even for free, but at the same time people had the chance to listen to the product before deciding to buy it.
This has been a very creative marketing strategy; the digital sales of “In rainbows” overtook those of the band’s previous albums altogether (as their previous contract with EMI didn’t include any digital revenue shared with the band), and provided the band with great incomes both from digital sales and from in store sales.
This strategy was successful as it changes the usual marketing mix: the product has been made available in different formats, satisfying each kind of consumers (those who are used to download or those who like to own the CD); the place includes the “old style” stores and the always more developed world of the internet; the price has been the most revolutionized element, as it could be decided by the customer, and this can be included in the promotion, as it stimulated the buzz and the word of mouth, and created a wide interest within the public and the experts on the field.
Therefore, Radiohead have been clever to identify what the public was looking for, the feeling and behaviour consumers have towards the multinational labels (that was clear from the behaviour towards the increasing illegal downloads that results in a slump in music sales), and satisfying this “need” of revolution against the music industry, they could increase their success in terms of both the image and the revenues.