Will We Ever Pay for an Album Again?

The latest trend to hit the music industry: artists giving away their songs.

ByABC News
May 8, 2008, 1:04 PM

May 9, 2008 — -- Has the music industry reached a tipping point?

Unless you're a fan of industrial grunge, you may not have read this week that the group Nine Inch Nails which these days is basically musical prodigy Trent Reznor with a whole lot of time in the recording studio has just released its new album, The Slip, for free off the NIN website.

"As a thank you to our fans for your continued support, we are giving away the new Nine Inch Nails album one hundred percent free, exclusively via nin.com," Reznor wrote on the site to his millions of fans. He has also reportedly said: "This one's on me."

Just as interesting, on the same page, Reznor tells the downloaders: "We encourage you to remix it, share it with your friends, post it on your blog, play it on your podcast, give it to strangers, etc." In other words, Reznor is not only giving the album to his fans, but also giving them carte blanche to pass it around, cut it up, mash it heck, even sell it if they can figure out a way.

I'm not a NIN fanatic, but I have been a big admirer of Reznor's work (and the videos even more) for many years. And I know that he has long railed against the record industry, and has had more than his share of disputes with his record company. So, it's good to see him stepping up and literally putting his money where his mouth is.

Better yet, the early reviews suggest that The Slip is a very good album maybe not Pretty Hate Machine, but perhaps as good as Broken which is pretty impressive, and easily makes the case that Reznor is giving away the very best he can do at this point in his career.

And that too says something important. Late last year, when Radiohead set this new wave in motion by giving away In Rainbows, I used this column to cheer their move as the arrival of Web 2.0 thinking to music. But at the same time, after listening to album a few times, I wasn't sure Radiohead had really given us its "A" game.

Several months of listening have changed my mind: In Rainbows isn't The Bends (or, heaven knows, OK Computer) but its rhythm-driven tracks are both mesmerizing and addictive. Radiohead, like Nine Inch Nails, not only gave away a record, but some of its best stuff.