UPDATE - We have our first financial updates about Radiohead's Digital Honesty Box, a concept where fans 'pay what they want' for the band's latest album (In Ranbows).
Apparantley, the band has collected roughly $9.6 million for 1.2 million albums so far. That's roughly $8 per album, much higher than many critics had anticipated. In fact, there's also an anecdote that one LimeWire employee tried to pay $500, but the Digital Box site maxes out at £99.99 (roughly $200).
Could this conecpt take off? Potentially, although part of why this works is that the album is actually good and the novelty factor probably boosted overall pricing.
'Pay What You Want' Pays Off (UPDATE)
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