Radiohead frontman: Music industry on verge of collapse

[Watchman]

Radiohead frontman: Music industry on verge of collapse

World Entertainment News Network
Wednesday, June 9, 2010

<--- http://blogs.chron.com/celebritybuzz/2010/06/radiohead_frontman_music_indus.html

Radiohead frontman Thom Yorke is warning the music industry is on the brink of collapse, insisting young musicians should resist signing record deals because the major labels will “completely fold” within months.

Yorke has now issued a warning to upcoming artists, urging them not to sign traditional record deals because they would be tying themselves to “the sinking ship.”

(ARTICLE CONTINUES BELOW)


Radiohead frontman: Music industry on verge of collapse

In an interview for a new high school textbook called The Rax Active Citizen Toolkit, which aims to inspire youngsters to become more politically literate, Yorke claims the music industry is on the verge of a major crisis and could collapse completely within “months”.

He says, “It will be only a matter of time – months rather than years – before the music business establishment completely folds. (It will be) no great loss to the world.”

 

[Received_by_Kings]

RIAA and JASRAC can both call it a day when that happens?

 

[singveld]

i am still doing my part by buying CD only. i hope they do not fold.

 

[Rogue Trader]

so have they stopped suing kids downloading MP3?

Actually radiohead is one of the industry advocates for using new media to distribute their music.
Radiohead is one of the most progressive bands and they make excellent music. if all the other artists are like them, the music industry wouldn't fear a meltdown.

 

[Received_by_Kings]

i am still doing my part by buying CD only. i hope they do not fold.

Big deal, so do I. But reflectively I also got to know many people out there want them to, so go tell your hope to their faces too idiot.