Daniel Lanois on music and the 'net
"Even a moderately well-known musician can reach fans without a middleman. Daniel Lanois, who has produced U2 and Bob Dylan and is also a guitarist and songwriter, noted during his set that he now sells his music directly online in high fidelity at the Web site redfloorrecords.com.
“We can record something at night, put it on the site for breakfast and have the money in the PayPal account by 5,” he said. “With all due respect for my very great friends who have come up in the record-company environment, it’s nice to see that technology has opened the doors to everybody.”"
Lou Reed chimes in also: "Lou Reed, who gave an onstage interview as a convention keynote, was terse about getting a label contract. “You have the Internet — what do you need it for?”"