Radiohead, a 1990's band, has created a new industry that is making customers order online to buy their CD's and pay at a price of there choice. After, the CD will be shipped to their house instead of walking into a store to pick it up. Radiohead is trying to eliminate the ideas of piracy online, where people around the world download music onto their portable music players. However, the question of how piracy will be completely eliminated is an issue. Even though Radiohead is attempting to help stop the idea of people downloading their music, piracy will still be used throughout the global markets, especially in the movie industry. The idea of customers paying a price of their choice for their albums is a problem as well. Knowing that people can download songs for free, customers will most likely pay less money, evidently making the band lose money. Piracy is still a major issue that has yet been dealt with; however, Radiohead has taken the first step attempting to help end it.
Sources
http://blog.wired.com/business/2007/10/radiohead-snubs.html
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