‘Major labels are trying to scoop up everything’: the chaotic future for indie music companies – and why vinyl isn’t working

As stalwarts Sub Pop and Rough Trade celebrate big anniversaries, insiders speak candidly about the challenges they face. Can streaming ever ensure their survival?In the late 1980s, the fledgling Seattle record label Sub Pop was a mess. It struggled to pay the phone bill; staff would race to cash their wage cheques before they bounced; and the management couldn’t even cover studio time that had been booked for their artists. “We were a big train wreck,” laughs Megan Jasper, who was then the labe...