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.
The British rockers broke away from their longtime label, EMI, in 2007 and went on to embrace the new digital era with the release their seventh album, In Rainbows, which they offered up over the internet and allowed fans to choose the price.
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."
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."
– World Entertainment News Network
http://blogs.chron.com/celebritybuzz/2010/06/radiohead_frontman_music_indus.html
Some will fold, some won’t.
Who cares what Yorke thinks? The guy is a clown.
Some will fold, some won’t.
Who cares what Yorke thinks? The guy is a clown.
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Intel.
Well, part of it is farfetch’d, but there are some good points raised.
Record labels have been on the decline, and their greed is becoming their downfall. The labels have been forcing artists to make what they want. The music industry won’t collapse within months, but as time goes on, the major labels power will fade out.
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The whole industry won’t fold,
but many will close
it has been coming for years because of all the piracy going on,
the recording studios don’t get a piece of the touring money
have you noticed how many bands that used to release an album or 2 a year now barely record?
it isn’t hardly worth it, anymore, with all the people stealing music
It is making it almost impossible for new talent to make it,
They can ‘t get paid for their new albums, and they aren’t well enough known to get the big bucks touring.
Piracy is ruining the music industry
It costs a lot of money to record those albums,
and they are having a hard time recovering their costs, with all the theft.
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