[lastfm]Thom Yorke [/lastfm]is no optimist when it comes to the future of the music industry. In a recent interview for a high school textbook, the [lastfm]Radiohead[/lastfm] frontman admitted that he believed the music business is in its final death throes, and that the whole thing will collapse sooner rather than later.
While discussing the music business for a new sociology text titled Rax Active Citizenship Toolkit, he explained that he and Radiohead guitarist [lastfm]Ed O’Brien [/lastfm]often talk about the future of music and agree that the outlook is grim.
“When we discuss it, he says it’s simply a matter of time – months rather than years – before the music business establishment completely folds,” Yorke explained. “He is involved in trying to build a world where artists would finally get paid. But we are up against the self-protecting interests of that industry.”
According to Yorke, however, musicians may be a whole lot better off when the industry’s corporate structure collapses. In fact, Radiohead removed itself from the major label world in 2007 when it broke sales records by self-releasing In Rainbows.
He added, “When the corporate industry dies it will be no great loss to the world. So, I guess I would say, don’t tie yourself to the sinking ship because, believe me, it’s sinking.”