Andre Yoskowitz
11 Jun 2010 0:32
Thom Yorke, the lead singer of Radiohead has warned young artists to stay away from the big record labels, as the recording industry (as we know it) is dying.
Yorke says talented artists should try to make it on their own without going to record labels for help as the industry is within years of completely dying.
Radiohead's frontman went as far as to say that when the industry dies it will be "no great loss to the world." Young artists should do their best to not "tie themselves to the sinking ship."
It may be "only a matter of time — months rather than years — before the music business establishment completely folds," adds Yorke.
Radiohead released 6 albums through major label EMI but decided to release their seventh album, "In Rainbows," as an Internet download with no specific price set. Allegedly, over 60 percent of downloaders did not pay anything for the album but the "experiment" still netted the band over $1 million, which did not have to be shared with the labels, who are known to take most of profit from CD sales.