Thom Yorke Predicts Music Industry Crash

Posted by The G on June 12, 2010 under GNN | 2 Comments to Read

Photo by G.

Thom Yorke preparing for "the crash"

Radiohead’s Thom Yorke is predicting the music industry will crash in “months, not years,” according to an interview he gave to a school textbook earlier this week.  He urges up and coming musicians to self-release music so as not to be tied to contracts that will enslave artists once the business finally erodes.  The music industry has reportedly lost $2.7 Billion each year due to slipping sales and music piracy.  Not once is it mentioned that lackluster releases are the cause of the failing business.

I have a lot of friends that are in the music industry, so for their sake, I hope Yorke’s premonition does not come to pass; however, as I’ve been predicting, the state of the world is so messed up right now that without some major priority shifts, darker times will be happening long before golden days.

Care to weigh in on this issue?  Leave a comment.  Freedom of speech is one of the last liberties we have.

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  • Gail said,

    Wait, didn’t this already happen? 🙂

  • Sharon said,

    It’s funny cuz i was just having dinner with a friend of mine who runs a record label last night. We’ve been talking for years about how fucked the record industry is but he confirmed for me yesterday that it’s gone from horrible-but-i’m-surviving to “OMFG what am i going to do”. I don’t know where we’ll end up, but i’m certain dark times are ahead.