On Saturday I wrote about how the news that Radiohead's decision to bypass the record labels and distribute their album themselves, at a price chosen by the customer, may signal the demise of the industry. Well guess what, this week Nine Inch Nails, Jamiroquai, Oasis, and, wait for it, Madonna, have all announced that they're dumping their record labels.

This is going to be interesting to watch. My bet is that in 10 years time the only artists on EMI's books will be X-Factor runners-up!