Radiohead — The English rock band sent shock waves through the music industry when it announced Oct. 1 that it would release its new album 10 days later, through its own website, for whatever price fans felt like paying.Never mind that the album, “In Rainbows,” is the best thing the band has released in a decade — the fact that Radiohead opted to release the album itself, without a new recording contract, was a revolutionary move with dire implications for the major label system, which has been foundering in recent years as CD sales have plunged.There are, however, caveats: First, few bands have the stature and fan base to do what Radiohead did. Second, the band did license the record to ATO, which will release “In Rainbows” on CD Jan. 1.

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