Radiohead lead singer Tom York suggests that the music industry is now on the brink of the abyss, and promotes young musicians to resist label deals, because record companies have to bend in a very short time.
The group itself has long (in 2007) severed the contract with its record company EMI and, using new technologies, posted its seventh album “In Rainbows” on the Internet, offering fans to freely download it and pay exactly as much as they see fit. Tom himself strongly recommends new groups to flee from traditional labels, because they will simply commit themselves to a “sinking ship”.
In an interview that will be used in the new textbook "
The Rax Active Citizenship Toolkit " (something like "Handbook for the awakening of the civic spirit" :)), which inspires the younger generation to defend their rights and be more politically active, Tom
states that The days are not far off when the labels will end, as a highly inefficient system for communication between a band and fans. He says: “It's only a matter of time - it will not matter whether it is a year or a month, but musical organizations are in for collapse. And this, believe me, will not be a great loss for our world. ”