I jacked this from The PRP because it is a good read! Check it out!
Trent Reznor of Nine Inch Nails, How To Destroy Angels, etc. fame recently took part in a very insightful (and admittedly lengthy) interview with Tunecore.com. Along with his recent film score work, Reznor shared his thoughts on upcoming projects, the state of the record industry and more.
When asked why he originally parted ways with Interscope Records and abandoned the traditional record company models, he offered:
“Well [pauses], that time would’ve been about two thousand…eight-ish, somewhere in that neighborhood, and, the true reality of that situation was: the record deal that we had signed years and years before had escalating advances based on the current state of the industry when that was negotiated. Meanwhile, the industry has collapsed, and those advances didn’t make any sense for the record label at that point.
They were astronomical compared to what an expected return would be. We were kind of presented with the situation of, “Hey, if you wanna stay here, let’s renegotiate something that’s more realistic for us in terms of an advance, or, do it on your own.”
Now, at that time in my life, it felt very much like, “OK. The record business is broken. The model is broken.” I’d go through periods of having to look in the mirror and say, “Let’s see. I just made an album I spent a year working on. I turned it over to the record label to get manufactured. It leaked, and I’m online, just boiling furious, at fans who’re talking about how much they love this new album, that they just stole.”
More after the jump!