Thom Yorke Says Music Industry ‘On Verge Of Collapse’

YorkeThe only surprise, really, is that it took this long, but of course only certain parts of the music biz are really collapsing. Right? Report via Chron.com/World Entertainment News:

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.”

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.”

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  • justagirl

    tommy- you are such a special unit. i rejoice even in seeing your name. xxo

    • justagirl

      although, i have to confess; i’ve been cheating on you with the new deer hunter (halcyon digest). it’s just SO GOOD!

  • Cerebralcaustic

    Curiously, though, Yorke and Radiohead took a bold step towards *true* free-market choice by allowing fans to set their own price to download In Rainbows.

    As any economist worth his or her salt knows, price fixing doesn't really work, because millions of individuals each set their own prices for goods and services. York and company knew this, instinctively, and simply gave true economic power to the people!

  • Liquidself

    Good. Good riddance to these buisness dinosaurs and thier fascistic ways. The music industry needs to collapse to become real again.

    • mcgibbo

      As long as it's an industry it'll never be real

      • Bageldonut

        What a pretentious thing to say. Industry is real.

        • mcgibbo

          I was responding to someone else you muppett. What do you mean by industry is real? Do you mean simply that it exsists or that industry is the best way for artists to produce their work?
          http://www.bombhiphop.com/newbomb/bombpages/lin

  • Celestialmechanic

    Is this the “infrastructure” that was referred to in “House of Cards”? Best of luck to all, in whatever you do!

  • mcgibbo

    Bit radical to say the music industry is going to collapse in a few months, if this is what he really claims, which is unlikely considering the only word with quotation marks is the word months. The second quote looks like it's been edited too. I can't see it happening myself not within months, it would be nice but it won't happen. What would it do to his credibility with the youth if he said that and then in 2 years time EMI and Warner are still going strong? And what the fuck is he doing in a book designed to to assist the state in educating the masses in citizenship anyway? Whatever happened to communities aye? Where everyone knew one another, most people don't even know their next door neighbours anymore, I've noticed in fact that a lot of people have legal disputes with their neighbours, as it causes problems in my profession with increasing frequency. I imagine there's more to this than there appears to be reported here.

  • tonyviner

    The music industry would do a little better if everything that was released mainstream wasn't such utter garbage. It is not an ultimate solution, but when there is so much real talent out there and we are force fed shit like Hinder and Shinedown and Rihanna and Nickelback and Devo and Kings of Leon and Cage the Elephant and Paramore and Counting Crows and Saliva and Ke$ha and Miley Cyrus and Ben Folds and Bob Seger and Devil Wears Prada and Panic at the Disco and Five Finger Death Punch and Green Day and Good Charlotte and AC/DC and John Cougar Mellencamp and Disturbed and Michael Buble and Justin Beiber and Vampire Weekend and Papa Roach and Chris Brown and Bel Biv Devoe and Mariah Carey and Flogging Molly and Ah-Ha and Poison and Chingy and Lady GaGa and Celine Dion and Wham and Kid Rock and Evanescence and Enrique Iglesias and Blues Traveler and Dave Matthews and Avenged Sevenfold and Kenny Chesney and Audioslave and Martina McBride and Kool and the Gang and Joss Stone and No Doubt (I could keep doing this but I won't) of course people are going to stop paying money for this shit.

  • tonyviner

    The music industry would do a little better if everything that was released mainstream wasn't such utter garbage. It is not an ultimate solution, but when there is so much real talent out there and we are force fed shit like Hinder and Shinedown and Rihanna and Nickelback and Devo and Kings of Leon and Cage the Elephant and Paramore and Counting Crows and Saliva and Ke$ha and Miley Cyrus and Ben Folds and Bob Seger and Devil Wears Prada and Panic at the Disco and Five Finger Death Punch and Green Day and Good Charlotte and AC/DC and John Cougar Mellencamp and Disturbed and Michael Buble and Justin Beiber and Vampire Weekend and Papa Roach and Chris Brown and Bel Biv Devoe and Mariah Carey and Flogging Molly and Ah-Ha and Poison and Chingy and Lady GaGa and Celine Dion and Wham and Kid Rock and Evanescence and Enrique Iglesias and Blues Traveler and Dave Matthews and Avenged Sevenfold and Kenny Chesney and Audioslave and Martina McBride and Kool and the Gang and Joss Stone and No Doubt (I could keep doing this but I won't) of course people are going to stop paying money for this shit.

  • http://voxmagi-necessarywords.blogspot.com/ VoxMagi

    I appreciate his optimism…but I dont share it. As long as there is blood to suck from listeners, the oozing pustule riddled parasitic entity that is the music 'biz' will find a way to continue churning forth crap and stifling actual talent. And in an age of electronic freedom, most take that freedom and employ it toward celebrating crap…so I'm sure the ancient hideous beast will find a way to mutate and prosper in decades to come.

  • rtb61

    He is correct. The digital age, the age of personal disconnection as we seek more time for digital interaction will bring about a renaissance of live interaction. As everyone gains access to dead digital content at any time, in their specific leisure time, there will be a desire for more live interaction, live music chief amongst them, were recordings are nothing more than freely distributed 'adds' to bring people to live performances.

  • rtb61

    He is correct. The digital age, the age of personal disconnection as we seek more time for digital interaction will bring about a renaissance of live interaction. As everyone gains access to dead digital content at any time, in their specific leisure time, there will be a desire for more live interaction, live music chief amongst them, were recordings are nothing more than freely distributed 'adds' to bring people to live performances.

  • Abbot's Rusty

    I think what'll really happen is the role of the traditional recorded music biz will be overtaken by the live side of things. Already you can see promoters taking the place of labels, pretty much. Of course, this doesn't mean it'll be any less corrupt…

  • Anonymous

    I kinda do.

  • justagirl

    although, i have to confess; i’ve been cheating on you with the new deer hunter (halcyon digest). it’s just SO GOOD!