Friday, December 23, 2011

Louis CK...$1 million revolution

So you may have heard about the comedy show that Louis CK filmed, Live at the Beacon Theatre, and put on his website for sale at $5 per download.

Everyone was talking about how it was going to revolutionize the way that the industry is managed if an artist can bypass the backing of a label or studio and go right to the people. I really don't have a big opinion on this...this may be a one time thing, or maybe it will be the end of the middle man, I don't know. What I do know is....I wish I worked on Louis CK's staff because I am pretty sure my Christmas bonus is not going to be a large portion of $250K.

After releasing the show and creating a simple way to download he made over $1 million in 10 days. Good God. He gave $250K to his staff (which obviously is not a large group of people), $250K back into his business because he paid to make the show, and $280K to various charities...he kept $220 for himself, as he should.

It's very fascinating that so many people paid to watch is only $5, but that is one latte I can not go without!

If you wanna check out Louis show (for $5) click here.


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