Radiohead Laugh Their Way to the Bank

Radiohead Laugh Their Way to the Bank
Gigwise is reporting that according to a source close to the band, Radiohead have sold approximately 1.2 million copies of In Rainbows since Wednesday, when it was made available online. Radiohead's seventh album caused a stir when it was announced as a "pay what you like release", which allowed fans to donate whatever amount they wanted to buy the record. At this rate, even if fans each paid 10 cents for the album, the band would still rake in $120k. However, Radiohead are likely much wealthier than that, according to Record of the Day, a website devoted to "providing an essential daily digest of music industry-related stories." The site held a poll to which 3,000 customers said on average they paid £4 each (approx. $8 CDN). Do your math and that would mean the band have raked in £4.8 million - if that average speaks for all 1.2 million who bought In Rainbows. Of course, seeing as they offered a special "discbox" for super-fans at a price of £40, they could be in for even more dosh. Sky's the limit when all the money goes straight to the band.

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