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Credit:
Without hearing the full context, I might beg to differ. Seems to me that just about every major label is tanking right now, and being outperformed by individual bands that take their act and promote it on the net themselves. Its true!
The estimates are wide and varied, but comScore put the net returns for Radiohead's "pay if you want" scheme at around $10 million. On the other hand, Warner Music Group posted net profits of only $5 million on their entire music catalog.