Kaiser Chiefs' MAMA predicts a live music riot

According to MAMA Group, which manages a host of bands including the Kaiser Chiefs and Franz Ferdinand, the key to unlocking future profits in the music industry lies in concerts. Adam Driscoll, co-founder of Aim-listed MAMA, says that the role of the record labels is becoming less important. The explosion of digital music - decimating CD sales - has so rattled big labels such as EMI and Warner Music that they haven't been quick enough to notice the potential in live music. (The Telegraph)