Trent Reznor has announced that he will no longer go through a record company to get his music out to his fans. Hopefully, he will do something similar to what Radiohead has announced and offer his music at a pay as you please rate. Even if he decides to sell his music at relatively normal market rates, the mere fact that such a huge act who's huge following will not have to pay a greedy record company any money to get their hands on someone else's creation is great news.
Here is the statement from nin.com,
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.Indeed! Thanks, again, to Jay for tipping me to this story.