Alan McGee, the Creation Records ex-boss, has revealed his post-Creation plans. He wants to set himself up as a multi-media entrepeneur and create a new empire on the internet. Speaking in the Guardian newspaper, McGee said that he had left Creation after 17 years because as he approached his 40th birthday he had decided that there was more to life than running a record label.
"The way that I perceive the future is having a record company, having a publishing company, having my internet start up companies, having a film company and having a management company," he said. "The future for me is multi-media."
McGee predicted that in the near future there would be just three labels - "Sony, Universal and somebody else" - to which every other label was affiliated. He also said that he expected Oasis would leave the label at the end of their three-album contract with Sony (which part own Creation).
He said Oasis - and any other big act - will soon have no need of a record company. "All they need is your e-mail address and then they can sell you a CD for $10 directly."