Nine Inch Nails Becomes a Free Agent With No Record Label

Nine Inch Nails Becomes a Free Agent With No Record Label: Yesterday Trent Reznor wrote an amazing post on the Nine Inch Nails blog stating that he no longer has a record contract and that NIN is now a free agent.

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.

This, along with Radiohead’s pay what you want release of their new album “In Rainbows”, are both signs of big changes to come in the record industry. [Finally. One of the reasons I left the music business was to learn enough about business to understand the record label model, and why it wasn’t working for so many talented folks I met. Then, when it became obvious that the disintermediation that the internet can provide makes it possible for things like the above to occur, it’s taken a long time for it to happen with major acts. That’s understandable. When a group becomes a break out smash without any help from the old mechanisms, that’ll be the next step.]
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