Former Clash Manager Says Music Industry Must Change Or Die.

"Rapid, consistent and complex change has enveloped the global music industry...the era of mass markets turning into an era of masses of niche markets is very real and exciting, with huge implications for the structures of the industry...the growth of social networking websites such as MySpace could significantly change the way artists interact with their record labels...labels could be forced to give up much of their control."

"The current record company model might well morph into that of venture capitalist licensors, working in partnership with artists to develop their businesses."

- Peter Jenner in The Gaudian Ulimited