Radiohead sticks it to the Record companies

OK, so this is out of the ordinary for this blog, but it's still about media.

There's been some media bashing of Radiohead's decision to allow fans to download the latest album for whatever they wanted to pay for it. The numbers showed that 1.2 million people downloaded the album but only 38 percent actually paid for it. And those that did paid an average of $5. That's been called a poor payday and reason not to ever to it again.

So I may be off in the math here, but 38 percent of 1.2 million is 456,000 people. And if those people paid an average of $5, that's $2,280,000 that went directly to the band. Not to the Record companies. And that's the first time this has ever been tried. And that's for low-quality mp3 versions of the music, not the high-quality of the CD that will eventually be hitting the stores.

Seems to me that recording companies should be shaking in their boots right now.