Hey Everyone!
Apparently, rock and roll icon Thom York of Radiohead, is warning us all that the music industry is in severe danger of collapsing. The very outspoken frontman is warning young bands to avoid signing with major labels because the industry will "fold within months". If you recall, Radiohead bid farewell to their longtime mainstream roots at EMI records to produce/release on an independent basis not long ago. They released their last album, In Rainbows, embracing the new digital era via the internet for prices of the fan's choosing. From nothing to 100 dollars, the album was worth whatever you wanted to pay. Interesting choice which I dont see being repeated... ever haha. So the question remains... is he right? Who's to say? I mean, there has been a VERY clear decline in album sales over the past few years with the invention of P2P file sharing and cd burning. Who's to say its impossible? Only time will tell I suppose.
What do you think? Is this a serious threat to artists? What does the future of the music industry hold?
Rock On,
-Girl At The Rock Show
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