Thom Yorke Says Music Biz is Over
The Radiohead front man sends a scary warning to musicians.
According to Radiohead’s Thom Yorke the entire music business is going to go under very soon.
This end was inevitable ever since the creation of Napster. And now the time may have arrived, according to Yorke. He claims all major music labels will “completely fold” in a matter of months.
The British rockers of Radiohead 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 warns musicians not to sign any traditional deals with major labels because they will be signing their livelihoods away to “the sinking ship.” No matter how attractive the deal may be, bands may find themselves up the creek without a paddle if their record company goes under.
“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,” he says. (Contact Music)
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Sarah Polonsky is a senior editor at BettyConfidential.com.