Bob Leftsetz on Nine Inch Nails Ghosts I-IV

Posted almost 4 years ago
From leftsetz.comYou might think Massive Attack is a band, but to me it's when you get listed at DIGG and netizens from all over the globe start hitting your server, trying to access the vaunted information, and your server slows to a crawl and then crashes.Turns out there's a solution. You've got to tweak the software on your machine. But when this happened to me, I had no idea what was going on! My server was suddenly slowing down in the breakdown lane and then it finally expired, like an automobile with a seized engine. I was flummoxed.But when I got the server restarted, I began to get e-mail from unknowns, telling me they were sorry. Hell, this is the Internet, full of crazies and scams, could I trust these people or was some sinister organization now after my hide? Turns out they were honest. The niceness was real. You see I'd written something about Nine Inch Nails, and the community picked it up, it got posted on DIGG and voila! The traffic crashed my server.The last year has been the era of the stunt. We had Prince with the covermount in the U.K. Radiohead's "In Rainbows". There was reams of press. But everybody who tried to repeat the activity...went essentially unnoticed. Did you know that Ray Davies released "Working Man's Cafe" as a covermount? I hope he got paid, because he got very little traction. And if you're doing a name your own price/tip jar campaign, be prepared to make little money and the publicity value will be close to zilch, since it's all been done before. Next!Trent Reznor tried the tip jar game with Saul Williams. You can read the posts in the blogosphere... Saul thought there was a net gain, based on the visibility, based on the number of people who downloaded the files. But Trent was positively stunned...THAT SO FEW PEOPLE PAID!So Trent went back to the drawing board. And concocted a new Internet sales paradigm. Only this time, the press was minimal. Oh, there was a story in the "New York Times", but the rest of mainstream media ignored the story. They were chasing Britney and the ubiquitous twits around the globe. Furthermore, SoundScan told them Nine Inch Nails didn't have the popularity of Rihanna, and they were going to get no airplay and Trent won't do television, so fuck him and his theoretical band.And casual fans might ask if Trent was testing a bit. This wasn't usual NIN fare. This was an all instrumental album. This was an interim step. Did that reduce the publicity fanfare?I don't know, but I do know it all's irrelevant. Trent/NIN's "Ghosts" is a RAGING SUCCESS!I know you fat cats only care about money. So I'll talk money.There were a zillion iterations. You could download nine tracks for free, for an e-mail address. You could get all 36 for $5, a price point the industry doesn't even know exists. Eventually there will be a CD, on April 8th. And there's vinyl. And a $75 deluxe edition. Hell, there are too many configurations to digest/remember. But at the top of the food chain, for $300, you can get the "Limited Edition Package".The Limited Edition Package contains...Ghosts I-IV on 2 audio CDs.A data DVD with the multi-tracks so you can slice and dice at home.A Blu-Ray disc with hi-res audio.A book of photographs.A book of art prints.And the right to immediately download the MP3s.And, and this is the kicker, each package is numbered and personally signed by Trent Reznor.AND, the Limited Edition Package is limited to 2,500 copies.You know how the expensive seats sell out first? How people will pay extra for exclusivity? Whether it be speculators or hard core fans? Turns out the same thing happened with Trent's Limited Edition Package. It sold out in DAYS!Gross: $750,000. All to Trent. Oh, he's got to cut Guerinot in. But...add up the costs of the Limited Edition Package above. Are they anywhere NEAR $750,000?So while the mainstream industry is swinging for the fences, trying to get on Top Forty radio, which usually yields no significant road business, Trent has forgone the mainstream completely. He's speaking directly to his fans. AND HE'S MAKING A FUCKING FORTUNE!Do I expect this to be the last paradigm for Internet distribution?No.But I do know that if you have a hard core fan base, however niche, they'll give you ALL THEIR MONEY!Many people can't even LISTEN to Nine Inch Nails. It gives them a headache. They believe it's akin to camping on the factory floor. Who gives a shit about these people. Hell, it adds to NIN's cachet. Trent's not owned by MTV, not "Rolling Stone", not Volkswagen or "Grey's Anatomy" or all the sponsors/advertisers the mainstream says you must be in bed with. Trent is owned by his FANS! And what they like about him is he's only about the art, he lives in their generation, not the twentieth century. He's willing to try new things, the way the Beatles did, the way all the classic acts did.Furthermore, he's making more money than essentially every act other than those still riding the fumes of old, last century contracts.If it IS about the money, I'd say that Jimmy Iovine was hoodwinked here. Instead of overcharging for the last album in other territories, if he'd only set Trent free, Jimmy could have made a ton of money. From an act with a longer shelf life than the Pussycat Dolls.Then again, Trent Reznor is Net-savvy. And Jimmy is not. Almost all of those in charge of the old edifice are not. You've got to know how to navigate, how to steal music online, you've got to know how the public thinks.I know Trent does. Because when he e-mails me, it's always about something on the cutting edge. He's not referencing a tie-in with Verizon Wireless, he's talking about the latest P2P site where his audience lives. And if you don't live in the same world as your audience, you're headed for marginalization, if not extinction.

Comments (15)

  1. Cody B says I love Lefsetz and everything he says is almost on point, because even though he embraces the new, he is still using the old measuring sticks...Is it news,really, that Trent could sell those deluxe packages..especially a 2500 run..NO. Have established artists always been able to move deluxe or unique items..yup, ever since Elvis donned lamé. Of course, he is right on the money about everything else.
    Permalink posted 03/14/2008
  2. davesonic says I still think it was pretty amazing to sell 2500 copies, of a deluxe album for $300, with no advertising other than word of mouth, and no label backing. A lot of bands would be glad to sell 2500 copies of a $15 CD. Don't sell him short. This may be the sort of things band will want to work towards in the future, use the label to get to a certain level of success and then cut them loose to go it alone. Coldplay could dump EMI now and do it themselves (although I don't think they got the shutzpa to do it) it might free them from the pressure of being EMI's only real money maker.
    Permalink posted 03/14/2008
  3. Cody B says Or at least it'd be a huge barganing chip for c-play...I'm not really selling Trent or 'head short, I'm just saying I don't think it is that amazing considering some of the hardcore fan bases out there..It is most assuredly a good idea..some of the extras can't be internetted. I mean some folks will scalp a show ticket for $1000..at least they get some cool stuff here. I wonder if protections are built in to make sure real fans are getting these deluxe versions instead of dealers..I wonder what dealers will be selling Trents deluxe for? Totally agree about using the big distro companies to get known, then doing it yourself..i think that's why the smart label and distro people are cutting far reaching deals with some artists and really partnering (TVT) on all aspects of the biz.. Funny, in these models, the majors are becoming like the minor league development people in baseball..nuture the talent then send 'em to the big show to do it on their own.
    Permalink posted 03/14/2008
  4. davesonic says Welcome to the new music "industry". It's an exciting time for sure to be a band with even a small hardcore fan base. I think you're going to see lots of innovation, at this point it's all up in the air and anything is possible
    Permalink posted 03/14/2008
  5. Cody B says Hey, it cost me my job..but gradually (very gradually) I'm getting over it.
    Permalink posted 03/14/2008
  6. davesonic says Exectutive, A&R, Manager?
    Permalink posted 03/14/2008
  7. Cody B says Retail Promotion Manager and Sales.
    Permalink posted 03/14/2008
  8. davesonic says Sucky dude. It's never nice to hear someone has lost a job, in a bloated industry like music though, crap rolls downhill. What do you do now?
    Permalink posted 03/14/2008
  9. Cody B says Mog!!! and I've returned to school after almost 20 years of biz..
    Permalink posted 03/14/2008
  10. davesonic says Sweet. Funny you say that, I'm thinking of going back to school. I've applied to a GA Music Production course and, get this, Radio Broadcasting. Not sure where that industry is heading but the technical skills are what I'm mostly after.
    Permalink posted 03/14/2008
  11. Cody B says I dunno, but it seems like the world is starved for content and content about content, so perhaps I'll head in that direction. Good luck..
    Permalink posted 03/14/2008
  12. davesonic says Sounds like a plan, good call man.
    Permalink posted 03/14/2008
  13. JackDelRey says Yeah, but are the new recordings any good?
    Permalink posted 03/14/2008
  14. davesonic says They sound good to me, that's all I care about. Early reviews from other blogs are positive. I doubt 2 hrs of instrumental NIN will turn new people on to them. But, as Bob said above "Who gives a shit about these people. Hell, it adds to NIN 's cachet. Trent's not owned by MTV , not "Rolling Stone", not Volkswagen or "Grey's Anatomy" or all the sponsors/advertisers the mainstream says you must be in bed with. Trent is owned by his FANS !"
    Permalink posted 03/14/2008
  15. River Lethe says Great article/blog.
    Permalink posted 03/14/2008

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