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After the news that Trent Reznor is planning to split up the Nine Inch Nails live band, after the release of the upcoming remix album "Year Zero Remixed" that is, he now announces that Nine Inch Nails have parted ways with their long-time record label, and are now what he calls "free agents". On the band's website http://www.nin.com/ Reznor posted the following message:

I've waited a long time to be able to make the following announcement: as of right now Nine Inch Nails is a totally free agent, free of any recording contract with any label. I have been under recording contracts for 18 years and have watched the business radically mutate from one thing to something inherently very different and it gives me great pleasure to be able to finally have a direct relationship with the audience as I see fit and appropriate.

Look for some announcements in the near future regarding 2008.

Exciting times, indeed.

The news comes right on the heels of Radiohead's recent announcement that they are allowing listeners to decide how much to pay for their forthcoming album "In Rainbows". In a reaction both former Stone Roses singer Ian Brown and ex-Smiths guitarist say they believe in the idea. Speaking to the BBC Brown says: "Anything that can break the music industry up, I'm supporting it." Ex-Smiths guitarist Johnny Marr praised the band's trust in human nature adding: "We'll see if their good faith is going to be rewarded. I think it will work."