Finding a new and profitable business model has eluded major record labels since the decline of recorded music sales began as MP3s took hold. In his presentation at MidemNet — one of the most elite music business event in the World — Techdirt's Mike Masnick profiled Trent Reznor's recent successes selling his music without the help of a major record label and condensed it into a simple formula. Masnick ventures to say that Reznor made over $1.6 million from his latest release alone. That notion definitely got my attention.
This article appears in Feb 4-10, 2009.