NIN and the Record Industry

Yet another big music act drop kicks the big labels and goes direct to the fans, gotta love the interwebs.

From the NIN blog:

08 October 2007: Big News
Hello everyone. I’ve waited a LONG time to be able to make the
following announcement: as of right now Nine Inch Nails is a totally
free agent, free of any recording contract with any label. I have
been under recording contracts for 18 years and have watched the
business radically mutate from one thing to something inherently very
different and it gives me great pleasure to be able to finally have a
direct relationship with the audience as I see fit and appropriate.
Look for some announcements in the near future regarding 2008.
Exciting times, indeed.

posted by Trent Reznor at 10:45 AM

More from Gizmode on Nine Inch Nails Dumps Record Labels, Going Direct to Fans.

If two of the biggest acts in the industry can see the digital writing on the wall and totally embrace it—that the old way of doing business is broken—why can’t the labels? What Radiohead and NIN are showing is that the business model “of the future” feared by entrenched interests isn’t arriving some time in the horizon. It’s touching down now.

Thanks to TechCrunch.

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