With digital distribution and file sharing online, bands have been able to get their music in front of more fans than ever before. But because of file sharing and cheaper downloads, bands also might feel like they can’t make as much money by selling music and will often give away some MP3 tracks. In fact, Radiohead recently decided to let their fans name their own price for their new album. Many artists now figure they can make more money by playing live shows and through merchandise. What do you think? If the value of recorded music is going down, how do you think artists should support themselves? Would you pay to join a special fan club for bands or to get limited edition music? Share your thoughts in the comments below and I’ll run a selection of the best ones in the next Your Take Roundup.
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MediaShift explains how traditional media such as newspapers, magazines, radio, TV, music and movies are changing with digital disruption and adapting their business models for a more mobile, networked world.
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