How Iron Maiden turned piracy into paying customers
Iron Maiden has done a great job of going where its fans were, even if those fans were pirates. The band has focused extensively on South American tours in recent years, one of which was filmed for the documentary "Flight 666." After all, fans can't download a concert or t-shirts. The result was massive sellouts. The São Paolo show alone grossed £1.58 million (US$2.58 million) alone.
And in a positive cycle, Maiden's online fanbase grew. According to Musicmetric, in the 12 months ending May 31, 2012, the band attracted more than 3.1 million social media fans. After its Maiden England world tour, which ran from June 2012 to October 2013, Maiden's fan base grew by five million online fans, with a significant increase in popularity in South America.
While the band did not use Musicmetric's analysis directly, Mead notes, "Maiden have been rather successful in turning free file-sharing into fee-paying fans." Other bands could take a lesson from the heavy metal band's success.
So bands now have a new tool to try and make up for the loss of music sales. Emphasis is now on touring and t-shirts as CD sales dwindle. "If you engage with fans, there is a chance to turn a percentage into paying customers. You can see that through various bands using the BitTorrent network in a legal way to share content," said Mead.
Newsweek made waves this week with an article that claims to unmask Satoshi Nakamoto, the previously anonymous person whose name was the only one listed on the 2008 whitepaper that launched the modern cryptocurrency movement.
IBM has announced a competition to promote the development of apps powered by its Watson cognitive computing platform. But some apps already are in use or in the pipeline.
If you've got a Windows XP machine -- either at home or in the office -- consider yourself lucky. In the past, you'd upgrade to a more recent Windows operating system without a thought. Today, you have many options.