Todd Rundgren Tells Senate Committee Labels Are “Mindless Parasites”

"The behavior of the majors has been that of a mindless parasite, contributing nothing, yet trying to get its snout into the bloodstream of any new development. The knee-jerk justification is ‘protection of artists’, which would more accurately be represented as the interests of highly bankable artists still under contract. For every one of those, there are a hundred with a lifelong bad taste in their mouths over the way they were treated when sales began to lag." – Todd Rundgren @ U.S. Senate Committee on the Judiciary held a hearing on "Parity, Platforms and Protection: The Future of the Music Industry in the Digital Radio Revolution" (Velvet Rope)

A stream of the entire Senate session is available at rtsp://video.c-span.org/15days/e042606_music.rm (load into RealPlayer)