Neil Young, speaking at a conference in America, said they he wasn't particularly concerned about piracy: "It doesn't affect me because I look at the internet as the new radio. I look at the radio as gone.
Piracy is the new radio. That's how music gets around. [...] That's the radio. If you really want to hear it, let's make it available, let them hear it, let them hear the 95 percent of it."
However, he said that he still believed record companies were necessary because they would find and nurture talent. "That doesn’t exist on iTunes, it doesn’t exist on Amazon," he said.
Young's main problem with the music industry at the moment is the low quality of digital music files.
He said: "The MP3 only has five percent of the data present in the original recording. … The convenience of the digital age has forced people to choose between quality and convenience, but they shouldn’t have to make that choice."
Young said that fans should demand higher quality music files and new hardware on which to play them
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