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Downturn in the industry.

Music Week

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Are independent labels better equipped to deal with a downturn in the industry?

Paul Baines, EMI

On the face of it, they appear to. I don't know if they are or majors are really. But I feel like the majors are getting a kicking in the press and it grates on my nerves, people going on about the evils of corporate labels. It annoys me when it gets written like it is an evil thing to work for a major. There are people here that passionately believe in music."

Will Mills, Shazam

"Potentially yes. An independent label's advantage is that they can sometimes make faster decisions and actions (on changing release schedules and promotional activity etc) than a larger organisation. There is also the argument that indies may be more responsive to new business models, due to fewer levels of organisation. However, ultimately, a downturn still affects everyone."

David Conway, London Calling

I believe so, as the most ...

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