Beanied U2 guitarist The Edge has warned that nobody will invest in music unless something is done to save the industry.
He said in an interview with Hot Press that the CD industry is “pretty much all over” and that there is “no replacement right now that’s viable.”“It just means no one’s going to invest in music, which just means no-one is going to get tour support, record deals, publishing deals, all the rest, which is how every band since The Beatles have managed to get going initially. That feels like that this sort of parasitical medium will basically kill the host, which would not be good.”
While the ISPs have been shouting innocents, The Edge thinks “that they are distanced enough that they can hold up their hands and say, ‘It’s not us. We’re not doing anything’, but in the end, people are buying broadband access in order to get ‘stuff’, content of some sort... I think that the people who have been making it their life’s work to create that content have got a reason to be upset... for young groups, it’s important that this gets resolved.”
In October, Bono explained to The Associated Press why their latest album ‘No Line On The Horizon’ sold poorly. "We felt that the 'album' is almost an extinct species, and we [tried to] create a mood and feeling, and a beginning, middle and an end. And I suppose we've made a work that is a bit challenging for people who have grown up on a diet of pop stars.”
‘No Line On The Horizon’ has sold approximately five million copies worldwide since its release in March.
Join the author, Tim Cashmere on Twitter.
