They Do Seem Desperate
Radio Head's frontman, Thom Yorke, believes that the major record labels are going down, and soon:
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."
I'm not sure whether his timeframe is right, but heck - he's in a better position to know than I am. Even if he's off in his timing, I think he's right in the broad sense. There's really no place for the labels any longer. They serve as a middleman in a market that has been disintermediating for years now.
Technorati Tags: record labels, music, copyright
Comments
Re: They Do Seem Desperate
[W^L+] June 11, 2010 0:33:47.680
I'm sure, given the billions of dollars and near-lock on artists that the big music companies have, it will take a few years to happen. Still, a wise artist wouldn't wait until everyone else could see the imminent collapse.