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Thom Yorke<\/a> was inducted<\/a> into the Fellowship of the Ivors Academy at the 2026 Ivor Novello Awards on Thursday night, where he used his speech to take he music industry to task for the \u201cinsane flow of money upwards that leaves nothing but dust for new artists.\u201d Read his full statement ahead.<\/p>\n The Ivor Novello Awards are a prestigious annual ceremony celebrating songwriters and screen composers, and the Fellowship of the Ivors Academy is their highest honor. The Radiohead<\/a> frontmen dedicated the award to his wife and children, as well as his many collaborators, asserting that he\u2019s \u201cnot a solo artist.\u201d As if to emphasize this \u201cit takes a village\u201d approach, his prepared remarks took aim at the industry\u2019s \u201cweird, myopic self-destruction.\u201d<\/p>\n In particular, he called out the lack of artist development and focus on non-sustainable revenue streams. He began by saying that while every artist has the \u201cGod-given right to rebel and thumb their nose at the business\u201d by creating their own artistic path, \u201cthe industry needs the wisdom to allow them to develop, and be able to take risks with them and make mistakes with them.\u201d<\/p>\n Related Video<\/p>\n Instead, Yorke went on, \u201cbusiness is becoming risk-averse and unable to help,\u201d focusing their sights on \u201cthe exciting share price of streaming services and the insane value placed on the catalogues of a few artists of the previous generation, and the financial frenzy around them.\u201d<\/p>\n Yorke continued, \u201cI wonder why no one questions this insane flow of money upwards that leaves nothing but dust for new artists.\u201d<\/p>\n He said that industry heads\u2019 focus on back catalogues will eventually dry up, and the \u201clip service\u201d paid to new music via \u201cself-serving playlist\u201d does nothing to actually support the music scene because of \u201ca refusal to offer even a semblance of a sustainable revenue source for the majority of musicians.\u201d<\/p>\n Yorke concluded with a direct message for the execs at the top of this heap: \u201cThis industry will die and arseholes with it, if all you do is devalue the next generation of artists and their fans. Just remember: without us, you ain\u2019t shit!\u201d<\/p>\n Watch a segment of Yorke\u2019s speech and read a full transcript (via NME<\/em><\/a>) below.<\/p>\n Meanwhile, Ed O\u2019Brien recently suggested<\/a> Yorke has a new solo album in the works, something given more credence when Yorke debuted a new song called \u201cSpace Walk\u201d<\/a> at the Ivors.<\/p>\n Thom Yorke\u2019s 2026 Fellowship of the Ivors Academy Acceptance Speech:<\/strong><\/p>\n \u201cTo me, every generation has the God-given right to rebel and thumb their nose at the business, and prove everyone wrong.<\/p>\n \u201cTo use music and song to tell the story of what it truly means to grow up in their mode, and go stylistically wherever the fuck they want, because they can. This is the pumping heart of music. This is how music stays relevant.<\/p>\n \u201cFor this to happen, the industry itself has to have faith in these people. They\u2019re fragile, usually kind of fucked up like me, and they need support. And the industry needs the wisdom to allow them to develop, and be able to take risks with them and make mistakes with them. That is literally their job, in my opinion.<\/p>\n \u201cI\u2019m very aware, and so are my band, [of] how lucky we were in our formative years, thanks to our managers Brian, Chris, Bryce and Jules. They fought really hard for us guys. And weirdly, our old record company, the old school EMI, cut us a lot of slack back in the old days. It all paid off.<\/p>\n \u201cWe watched a lot of other artists not be so lucky, get chewed up and spat out. It takes time for artists to find their voice, to learn their craft and where it will take them. That is when the good shit occurs.<\/p>\n \u201cI worry that our business is becoming risk-averse and unable to help. It makes zero sense to me. The same is true in a lot of the creative industries: art, film, theatre \u2013 they\u2019re all going through this weird, myopic self-destruction.<\/p>\n \u201cInstead, I picked up the FT<\/em> [Financial Times<\/em>] and read about the exciting share price of streaming services and the insane value placed on the catalogues of a few artists of the previous generation, and the financial frenzy around them.<\/p>\n \u201cThat\u2019s nice for them. But it is not, as they would like to call it, investment in the music sector. Quite the opposite.<\/p>\n \u201cI wonder if those people appreciate what went into the making of those records. Maybe you should read some biographies of the music you\u2019re buying and hoarding, and some of the history about that subject.<\/p>\n \u201cI wonder why no one questions this insane flow of money upwards that leaves nothing but dust for new artists.<\/p>\n \u201cThose heads of our industry are not asking what happens for the future generation, when the musical well dries up \u2013 which it will, guys.<\/p>\n \u201cInstead, a lot of lip service is paid to new music with self-serving playlists, and to the idea of a vital music scene. But there is a refusal to offer even a semblance of a sustainable revenue source for the majority of musicians.<\/p>\n \u201cAnd they continue the nasty fucking opaque accounting tricks that major labels were doing in the \u201990s.<\/p>\n \u201cSo I guess I\u2019d like to provide a quick reminder to the top of the industry and streaming services: pull your finger out. Where are you gonna get your next juicy back catalogues from, eh?<\/p>\n \u201cThis industry will die and arseholes with it, if all you do is devalue the next generation of artists and their fans. Just remember: without us, you ain\u2019t shit!\u201d<\/p>\n<\/div>\n\n<\/blockquote>\n