Radiohead no longer has a contract with EMI and says that it has no plans to sign with a label. However the band chooses to release its next record, it can still make a handsome living by touring and selling merchandise. Labels spend a lot of time and money worrying about illegal downloading and file-sharing. What they should be worried about is more bands like Radiohead, which could make major labels a relic of the twentieth century.
—from the end of Sasha Frere-Jones's critique of Radiohead
, in the New Yorker