But Elvis Costello doesn’t want you to buy it.

A post has appeared on the legendary artist’s official site entitled “Steal This Record.” The basic message of the plea to fans is a.) our record label priced the box set way too high, b.) you should spend your money on Louis Armstrong instead, and c.) you should probably just download it anyways.

It’s being priced at $262.46, although you can pre-order it from Amazon for a slightly less expensive $202.64.

From the post:

The live recording finds the Imposters in rare form, while the accompanying motion picture blueprints the wilder possibilities of the show, as it made its acclaimed progress across the United States throughout the year.

Unfortunately, we at www.elviscostello.com find ourselves unable to recommend this lovely item to you as the price appears to be either a misprint or a satire.

All our attempts to have this number revised have been fruitless but rather than detain you with tedious arguments about morality, panache and book-keeping – when there are really bigger fish to filet these days – we are taking the following unusual step.

What do they suggest? First, they say that if you’re going to spend money, you should probably do it on the ten-disc box set “Ambassador to Jazz,” from the great Louis Armstrong.

They also suggest that you could wait until they release the separate parts of the box set – the CD, DVD and vinyl – for a more reasonable price next year. And then there’s the other option, the one referenced in the post’s title:

If on the other hand you should still want to hear and view the component parts of the above mentioned elaborate hoax, then those items will be available separately at a more affordable price in the New Year, assuming that you have not already obtained them by more unconventional means.

So there you have it. Elvis Costello and the Imposters think that you are being overcharged for their stuff and would prefer that you download it.

With all of the talk about the pending SOPA and PIPA legislation, and how it relates to piracy and internet freedoms, this little anecdote it just something to remember when you hear the RIAA push their support for the bills.

On that note, let’s check out Mr. Costello in the early ’80s:

[Hat Tip to Boing Boing]
[Image Courtesy elviscostello.com]

According to a Bloomberg report, Google is very close to an agreement with Universal Music Group that would allow Google to sell their artists’ music in their new download store. When the Google Music Store was hinted at back in October, the sources said that 4th-largest record label EMI had already signed on. That secured artists like Coldplay, Pink Floyd, Katy Perry and (most of) Radiohead for the Google Music Store.

Making a deal with Universal would be a much bigger content grab than EMI – since they are the largest record label in the American music industry. Coming along with Universal would be artists like Lady Gaga, Lil Wayne, Eminem, Rihanna, and Taylor Swift.

The report says that the Google/Universal deal could be finalized as early as Wednesday, November 16th. That date coincides with a Google event in Los Angeles where it’s highly speculated that Google will unveil the new Music Store. Invitations to the event were sent out last Friday on 11/11/11 by “Nigel Tufnel.” The invitations simply said “These Go To Eleven.”

The Google Music Store will work hand in hand with Google Music Beta, allowing for purchased songs to be stored in the cloud and accessed from any enabled device. There have been rumors that the Music Store will be integrated into Google+, allowing users to share songs with friends and preview tracks before purchasing – rumors that this Bloomberg report corroborates.

Google Music Beta launched as a simple cloud storage service without any sort of music downloading functionality due to the inability of Google and the record labels to work out deals. Since Beta’s launch, the launch of a Music Store seemed inevitable, but the specific “when” and “with what music” questions are finally being answered.

Apparently, Google is still unable to work things out with Sony and Warner Music Group, the second and third largest labels.

Last week, deals were reached to break EMI Group in two, and those separate parts be sold to Universal and Sony. According to the WSJ, EMI’s record-music unit will go to Universal and its Music Publishing will so to Sony.

Hopefully we get more details at the Google event tomorrow. If you’re impatient, however, you can check out these supposed leaked images of the Music Store via the Android Market.

Just as with the video article, I’m not going to claim that every single piece of news to happen in the online music industry over the year is here, but we covered plenty of stories in the industry (many courtesy of our blog partner Bruce Houghton of Hypebot), and it should still be fun to reflect back on some of the events that have transpired. I hope you enjoy it. It’s not quite the War and Peace sized novel that the video one was (although it’s not exactly a Little Golden Book either). Here we go…

January

The year kicked off with Sony BMG becoming the last major label to drop digital rights management (DRM). Shortly thereafter, Amazon began selling their entire catalog. Amazon also announced a big giveaway with Pepsi to promote its digital music business.

Apple disappointed fans with no major iPod/iTunes news from MacWorld, while Last.FM released an on-demand service, and Yahoo launched a new version of its browser-based music player. SeeqPod was being sued by Warner, and U2′s manager was calling for legal pressure to be put on companies like Microsoft, Google, AOL, Yahoo, Comcast, Vodafone, Facebook and even Apple for illegal file-sharing woes.

February

In February, Yahoo acquired FoxyTunes, while Baidu was getting sued by Sony BMG, Universal Music, and Warner Music. Google on the other hand was talking about offering music downloads in China according to rumors. Meanwhile in Europe, the EU was talking about extending copyrights for musicians.

March

Facebook was counting major record labels while MySpace was exploring a possible deal with Sony BMG, Universal Music, Warner Music and EMI. In a somewhat fresh idea of a move, R.E.M. released a new album via social network iLike before the album’s actual release date. Warner’s Edgar Bronfman, Jr. was talking about bundling a fee into Internet access in exchange for unlimited access to music. USA reported that Amazon was the number 2 online music retailer, of course behind iTunes.

April

Yahoo Music’s Ian Rogers left Yahoo for a gig as CEO of Topspin Media. A study from Insight Research indicated that streaming video and music would bring in $70 billion in revenue over the next six years. What some thought was an April Fool’s day joke turned out to be legitimate Kelly Clarkson songs leaking onto the Internet, much to the displeasure of Clarkson, and Radiohead’s Thom Yorke was reported by Hollywood Reporter to have suggested that the In Rainbows experiment was only a one time thing.

May

In an interesting turn of events, reports indicated that Metallica now welcomed the possibilities the Internet had to offer when it came to music. This attitude was a far cry from the infamous ways of Alcoholica vs. Napster. The Rolling Stones were embracing the Internet themselves, teaming up with YouTube to interact with fans after the release of Martin Scorcese’s Stones documentary "Shine a Light."

TuneGlue emerged as a companion piece to Last.fm for revealing new music you may like or may have forgotten about, and concert promoter Live Nation partnered with AdBrite on tracking shows. A Federal Court ruled that Yahoo and AOL (along with RealNetworks) must pay millions in licensing fees to the American Society of Composers, Authors and Publishers (ASCAP).

June

Apple announced iTunes reached the 5 billion song download mark, Rhapsody launched an mp3 store, and music sales dropped to their lowest level in a decade even though there was an increase in digital sales.

Music and memorabilia site Wolfgang’s Vault struck a deal with Universal Music Group to make vintage concert performances available, and songs of American Idol artists became available for download on iTunes, with David Cook selling 888,000 downloads in one week.

July

Yahoo Music closed the doors on its download store and started pointing customers to Rhapsody, and BskyB partnered with Universal Music Group to launch an online music subscription service. Meanwhile, TrueAnthem emerged to roll music promotion and monetization into one widget.

August

In August, the band Buckcherry complained about the piracy of one of their songs, when in actuality, it was their own manager who leaked it to promote the band. Meanwhile, a blogger was arrested for leaking the incredibly-long awaited Chinese Democracy album from Guns N’ Roses.

Yahoo released the Yahoo Music API to developers, and Google launched Music Onebox in China. The Wall Street Journal looked at why some artists are keeping their music off iTunes, and the iTunes store was blocked in China for pushing a controversial benefit album.

Many started predicting the demise of Pandora because of a federal panel ruling ordering them to pay twice the royalties to artists that they already were, which was really an issue affecting the entire Internet radio industry. Even Karaoke performances were in danger. The popular Muxtape was shut down, but an open source program similar in nature was launched as a slap in the face to the recording industry.

September

After much anticipation and rigmarole, MySpace Music was finally launched, exciting some and disappointing others. Amazon launched their own social music site, and Apple started trying to kill off CDs by offering album art applications.

Echoing reports from earlier in the year about Metallica embracing the Internet, drummer Lars Ulrich came out and said he didn’t care if Metallica’s new album was pirated, presumably to salvage some kind of hip image that he left back in previous decades (if you want my honest opinion, some of the new album could’ve been better with different drum beats, but that’s neither here nor there).

In general, things were looking a little more positive for Internet music in September than in August as Pandora’s situation was looking more hopeful, and even Muxtape was said to be coming back.

October

In October, Facebook was considering entering into the digital music business and becoming a streaming competitor to iTunes and MySpace. MySpace was improving its Karaoke service, by adding video features.

Limewire, the file-sharing service known for music downloading said that it wanted to go legit, similar to how Napster did. Amazon and iTunes downloads were announced to be coming to YouTube as an eCommerce entity on the popular social video site.

MTV launched a site for….music videos! What a concept from the network that basically introduced the world to music videos in the first place. They censored Weird Al though.

November

In November, MySpace Music finally found a leader in Courtney Holt. Meebo and Universal partnered up to offer an interactive experience between users and musicians, and a ComScore study showed that Japan prefers Yahoo Music for their online music destination.

MySpace Music debuted Chinese Democracy after a decade and a half of waiting.

December

We’re not even half way through December yet, but so far, we have seen a site trying to cash in on "used" MP3s, while social bookmarking site Delicious has added a new way to listen to music.

Digital music sales have been predicted to rise dramatically over the next five years, YouTube has enhanced its audio library through a deal with Rumblefish, and Warner Music Group’s Jim Griffen is pushing the concept of blanket music licensing at the ISP level.

Like I said, there is no doubt plenty more that happened in the online music industry over the past year that is worth talking about, but music isn’t exactly the niche of WebProNews, so we have not covered every nugget. You can surely find plenty more in Hypebot’s archives. I would also like to encourage you to extend the conversation in the comments and talk about other things that happened.

All in all, the year in online music wasn’t exactly as exciting as it was for online video. There was a lot more legal turmoil involved, not that that is surprising. There were some ups and downs, but there were still some cool things to come out of it. What do you think about the year for this industry? Where do you think it is going next year?

Tower Records recently closed its doors for good, signaling the end of an era for the brick and mortar music store. Digital music downloads continue to become the method of choice for audio aficionados, while CD sales are plummeting faster than you can say Don Imus.

Even as online sales increase, however, industry revenue continues in a pattern of overall decrease that has the major labels hanging on for their very lives. According to Enders Analysis, a British research firm, record companies have only themselves to blame for the precarious position in which they now squarely rest. 

Eric Bangeman from Ars Technica reports on the firm’s findings:

Is piracy to blame? Is DRM the solution? Enders Analysis says no, instead laying the blame for the industry’s sliding sales at the feet of the record labels. "As we analyze the industry’s core challenges… we consistently find that the industry has lost the ability to influence and control its future," reads the report’s executive summary. "Worse, the industry has often appeared caught short, and its reactions accordingly wrong-footed."

Now we’re getting into some interesting conceptual territory. The RIAA, which represents all the major labels, has focused so intently on controlling revenue streams that it has lost focus on the bigger picture of the evolving industry. As a result, the RIAA has grasped the money stream so tightly that the very future of the music industry itself has slipped through its very fingers.

Gordon Gekko would tell you that greed is good. In this case, however, it has irrevocably removed the major record labels from any sense of relevancy within the music industry.