Thom Yorke is warning the music market is about the brink of collapse

Radiohead frontman Thom Yorke is warning the music market is about the brink of collapse, insisting young musicians ought to resist signing record deals simply because the key labels will “completely fold” inside of 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 decide on the price.

Yorke has now issued a warning to upcoming artists, urging them not to sign traditional record deals mainly because they would be tying themselves to “the sinking ship.”

In an interview for a new high school textbook referred to as The Rax Active Citizen Toolkit, which aims to inspire youngsters to become a lot more politically literate, Yorke claims the music market is around the verge of a significant crisis and could collapse fully inside of “months”.

He says, “It are going to be only a matter of time – months rather than years – just before the music company establishment absolutely folds. (It is going to be) no wonderful loss towards the world.”

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