“It is generally accepted that the dog-and-horn type organisation that has controlled the distribution of music for 110 years is on its last legs. A decade ago, six labels held 77 percent of recorded music sales worldwide. Today, those six are down to four – Universal (31%), Sony-BMG (25%), Warner (15%) and EMI (9.5%)- and none has got to grips with the internet revolution that has ravaged their complacent and often collusive dominance.”