Simon Napier-Bell, manager of such luminaries as the Yardbirds, Marc Bolan, and Wham! UK, has an interesting insider’s perspective on the meltdown of the music industry. Its death should be cause for celebration among artists and music fans alike:

Imagine the outcry if people working in a factory were told that the cost of the products they were making would be deducted from their wages, which anyway would only be paid if the company managed to sell the products. Or that they would have to work for the company for a minimum of 10 years and, at the company’s discretion, could be transferred to any other company at any time.

Read the full article online at observer.guardian.co.uk