Radiohead’s Thom York: Music industry on verge of collapse

“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,” World Entertainment News Network reports.

“In an interview for a new high school textbook called The Rax Active Citizen Toolkit… Yorke claims the music industry is on the verge of a major crisis and could collapse completely within ‘months,'” WENN reports.

WENN reports, “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.'”

Full article here.

MacDailyNews Take: If so, the greedy music cartels brought it upon themselves.