Radiohead Changing the Music Industry - Predict How
Yes, our business is providing a platform for organizations to run
their own prediction markets, but the founders of Inkling happen to be
big music fans, specifically the band Radiohead.
How is this relevant? Recently Radiohead announced there would be no
set price for their new album "In Rainbows." Instead they would let
their fans decide what it was worth. When you go to download their
album (and it's only available by download, there are no CD's) you say
what you want to pay. Fans are elated, the music industry is
horrified.
We thought it would be fun to set up a marketplace to try and predict
what the average price is fans will actually pay. We also ask
questions about other performance metrics such as unit sales and
industry impact of this new pricing model.
You can get to the new marketplace by going here:
http://radiohead.inklingmarkets.com
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