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Big labels are f*cked, and DRM is dead


Herr Matzat

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No one’s got any sympathy or love for them, because they’ve systematically been shoring up their figures in the short run - squeezing money into Universal to make up for their catastrophies; Warner Brothers have been coping with huge debt; EMI have been desperately trying to hold their stock price up so somebody would buy them; BMG has been wondering how the fuck they’re going to pay somebody back money for whatever it was, so they don’t go public - and Sony are in a terminal mess. So all of them have been draining profit. It’s “get the money in, boys, get the money in.” So they’ve raped them. They’ve raped their whole business model, and no one’s got the time or energy to think about their business.
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You actually think that music will cease to be if major record labels die? That's just naive at the most ridiculous levels.

are you expecting the interviewer or peter jenner to read this?

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