Wu-Tang Clan will sell only one copy of new album
pitchfork.com
pitchfork.com
Could a powered recording device be made small enough to fit in the ear canal? Searching for "In-Ear Binaural microphones" finds some fairly small devices (they require external power and storage, though)
1) They are artists.
2) Artists do weird things.
3) This will be released.
a) There's no way they can resist.
b) They need the ego boost.
4) There's nothing illegal about recording it.
5) It's only illegal to distribute it.
6) It's an experiment.
7) They will gain much press.Artificially inducing scarcity in order to increase value is an interesting experiment, but this doesn't seem like the way to do it. At some point on this tour, some handler is going to have 5 minutes alone with the album, at which point they'll immediately make a copy and leak it.
Nevertheless, the original will sell for a small fortune. Genuine scarcity will always be a good reason to pay lots of money.
This is an interesting experiment in another (more extreme) way of doing that, but "artificially inducing scarcity in order to increase value" is the basis of much intellectual property.
There have been cases where companies have tried to artificially induce scarcity--I recall that during the release of a certain Battlefield game, EA's storefront had temporarily "sold out" of digital copies--and in that case, the same DRM-based distribution tech that was designed for IP protection was being used to induce scarcity.
In other words, if ten people are trying to purchase your product, IP enforcement means you want exactly ten copies to exist. Inducing artificial scarcity means you want fewer than ten copies to exist.
It's hard to find examples of artificial scarcity in the digital world, which is what makes this somewhat interesting to me. However, in the brick and mortar world, the diamond industry is a good example.
edit: it's worth noting that the handcrafted case is a legitimately unique item, so in that sense, the scarcity of the complete package is real, not artificial.
Monopolistic rent is extracted through underproduction.
The album will be anonymously leaked to the Internet by a trusted insider before a physical copy even makes it to the first museum. Absent that, someone on a museum's security staff will do it.
Did they forget that most bootleg recordings come from the venue's sound board, and not from some random guy in the audience?
- if nobody pirates this, it means they've completely failed at producing good art/music
- if somebody pirates this, it means they've completely failed at implementing their artistic/marketing concept of "one copy album"
...one way or another, the inevitable result will be a big fat failure :)
http://www.forbes.com/sites/zackomalleygreenburg/2014/03/26/...
They're really just selling the box.
Same pay, less work and more happy fans.
* - I don't really know what the numbers are. 500K is just an example.
What's interesting is that this model works in a world without copyright - you can always sell the first copy.
I wonder if they even bothered clearing their samples...
If it is not the only copy, how would they not be liable for fraud in claiming that it is?
http://www.forbes.com/sites/zackomalleygreenburg/2014/03/26/...
Oh, and it will deff be leaked.
ps. huge Ghostface fan right here
Music is meant to be heard if you want to turn it into a publicity stunt keep it it's probably not worth my time anyway.
Although it would be hilarious to have a kickstarter to buy the album and rip it into mp3's for the masses to listen to :)) given how much you will be paying for i argue you should be allowed to do whatever yo want with it.
Some would argue that it is meant to be experienced, not heard.
What some people call "the greatest piece of music ever written" was composed by a deaf man, indeed Beethoven even conducted its première, setting the tempo for an orchestra he couldn't even hear. But still he got 5 standing ovations.
It's artificial scarcity, which has never worked well, or for long.
Excellent wording. That's exactly what a Hacker is all about.
I work in a very different part of the country on very different things than the majority of HN as far as I can tell, but I do enjoy reading the comments and articles posted here. It bums me out when people are down on things that don't fit within that SV sphere.
Agreed. Hacker News doesn't always mean Silicon Valley News.