Tuesday, November 6, 2007

Radiohead has made 2.7 Million so far on "In Rainbows" sales

Using data mined from this article by Breitbart, I have figured that Radiohead has made 2.7 million dollars on the "In Rainbows" experiment.
This is a far greater amount than the pennies per CD that most bands make on their CDs.
Here are the numbers:

- 1.2 million people have downloaded the album

- 38% paid an average of $6. 38%x1.2mil=456,000, 456,000x$6=$2,736,000

That means that Radiohead has made $2,736,000 off of sales of "In Rainbows" so far.

Furthermore, if you factor in the other 62% of the people that didn't pay a penny for the album, Radiohead still averaged $2.28 in their pockets per album downloaded, versus the pennies per CD that most artists recieve from their labels.

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