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Chris Anderson: "Labels the Least Important Part"

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Chris anderson “We wrongly correlated, or equated, the music industry with the record labels. It now turns out in fact that the labels are now the least important part. If you look at the rest of the industry now, from the bands to the fans from Apple to tour promoters, everyone's doing OK, except for the labels. So there's really nothing wrong with the music industry; we're just redefining what it is.

- “Free" author Chris Anderson in an interview with Times UK.

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