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.
*note from Vanversive* Although some may see this as gloom and doom. For anybody paying attention the music industry has been in a hard decline. The internet has given independent artists and avenue to get their art out there without the need for a high end label.
Celebrity Buzz
June 9, 2010
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.”