In a 2009 interview, Henry Rollins let us know what he thinks:
“I think the major factor in the couldn’t-come-soon-enough decline of the major label industry is greed. Greed and underestimating the intelligence of their patrons. File sharing has had an effect, certainly. Why do people share files? Maybe because you put out a CD for $19.99 and two songs on it are good and the rest is so-so because you told the band to hurry up already. When you make art into an industry, everyone will suffer. I am sorry about all the people who lost their jobs but this thing had to end.
Henry Rollins is highly autonomous in his work, and has refuted major labels countless times over the years.