The Seattle Times: Arts & Entertainment: R.E.M.’s Peter Buck: talking about the passion
“I think a lot of people are finding unless you sell 10 million labels, a major label isn’t the place to be. I can’t tell you the number of people I know who get dropped from a major label, put out their own label and say ‘Man I made five times as much this year as last year.’ “
See also Janis Ian’s take on this.