How Radiohead's "Name-Your-Own-Price" Model Brought the Profits

While we're not huge fans of the pure "give it away and pray" name-your-own-price business model, it still seems pretty ridiculous to see people like The Cure's Robert Smith blasting Radiohead for its experiment, claiming "it can't work" (thanks to Chris, for sending this in). 

Smith is uninformed on a number of different fronts. First, so many people get so focused on the "name your own price" part, that they forget that wasn't the only business model at all. That was just a part of the business model. At the same time they announced the pay-what-you-want downloads, they also announced an impressive boxset that cost quite a bit. Furthermore, contrary to Smith's assertion that "it can't work," it did work. In fact, it worked phenomenally well. The band sold more albums than it had in the past and it made more money.

Cure Singer Blasts Radiohead...