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.
THOM YORKE of (Rock Group - Radio Head)
The British Rockers RADIO HEAD broke away from
their longtime label, EMI, in 2007 and went on to embrace
the new digital era with the release of their 7th 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."
In an interview for a new high school textbook called
The Rax Active Citizen Toolkit, which aims to inspire
youngsters to become more politically literate, Yorke
claims the music industry is on the verge of a major
crisis and could collapse completely within "months".
He says,"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."
COURTESY OF (World Entertainment News Network)
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