"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."
It seems more artists are doing this. Ernstinen posted about Radioheads web-only, pay-what-you-want independent release of their new album.
And let's not forget the annual Garritan Community Christmas CD was an independet free release for the past several years.
Re: Goodbye Record Labels: Nine Inch Nails Dumps Labels
Looks like Trent and Radiohead is finally getting around to where Prince was at ten years ago - glad to see the seed change taking root. The sooner that record labels get a clue and die of (economic) natural causes, the better.