Money quote from this Financial Times article:
Thom Yorke warned apocalyptically of its being “simply a matter of time – months rather than years – before the music business establishment completely folds”. His advice to young bands: “Don’t tie yourself to the sinking ship, because believe me, it’s sinking.”
Radiohead just released another album yesterday, by the way. They're selling it on their own web site as a digital download and a higher-priced set of physical items for truefans. If you like Radiohead and want to see them keep making albums, go on over there and get yourself a copy.
The music industry is dead! Long live great music by independent artists! <!-- SUMMARY_END -->