“There aren’t going to be any record labels in a few years if things carry on the way they are, because CDs – that industry is pretty much all over,” the Edge says. “And because there’s no replacement right now that’s viable, it just means no one’s going to invest in music, which just means no-one is going to get tour support, record deals, publishing deals, all the rest, which is how every band since The Beatles have managed to get going initially. That feels like that this sort of parasitical medium will basically kill the host, which would not be good.”
I bet he’s wrong about the end of rock due to business… nature abhors a vacuum. It will mutate.
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