Superstars are leaving major record labels

0 Comments | Deseret News (Salt Lake City), Oct 22, 2007 | by Alex Veiga Associated Press

Despite the turmoil in the industry, the major record companies continue to exert considerable influence in the marketplace.

Major labels are not likely to disappear or become irrelevant, although the role they play might change as digital music overtakes CDs and other physical formats, Flohr said.

"I don't think this is the death of anything," Flohr said. "I actually think this is the rebirth of all of us."