Big labels are f*cked, and DRM is dead

"Few people know the music industry better than Peter Jenner. Pink Floyd's first manager, who subsequently managed Syd Barrett's solo career, Jenner has also looked after T.Rex, The Clash, Ian Dury, Disposable Heroes and Billy Bragg - who he manages today. He's also secretary general of the International Music Managers Forum." (from the Register)

Turns out, Peter Jenner is also the guy who has stated the obvious -- "Big labels are f*cked and DRM is Dead." He also said "digital music pricing has been a scam" and "within two or three years (most countries) will have a blanket licensing regime where we exchange music freely, for a couple of quid a month." Now, that all makes sense but the sentence that I don't quite get is about iTunes and that the big label executives have "seen how kids don't like it." Perhaps in the UK but on this side of the pond iTunes seems to be doing OK... kids and all.

In any case, it's an interesting read and some valid ideas about the current state of the mujsic business and what direction it might be going in.

(read the whole interview here)