I’m not a huge fan of Radiohead – I dig ’em alright, but I think they’re vastly overrated. But this last paragraph from a Sasha Frere-Jones article in the New Yorker is interesting:
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.