Guy Hands, the new owner of EMI Records, sent a confidential email to his staff outlining his concerns over Radiohead's departure from the label and their subsequent decision to self-release In Rainbows (at 4am Eastern...yeah, I found a special countdown clock).

After writing that the band's move is a "wake up call," he continued, "..the industry has stuck its head in the sand." No shit, Sherlock. Way to get on that...eight years too late.