The Register has an interesting interview with Peter Jenner, former manager of bands like Pink Floyd and the Clash and current secretary general of the International Music Managers Forum (IMMF).

The interview is harshly critical of the major labels and has very clear statements on the future (or lack thereof) of Digital Restrictions Management:

But he's also optimistic that for almost everyone else - indie labels, musicians, songwriters and budding entrepreneurs - as well as network providers - the future's going to be pretty bright. The Big Four know that the DRM era is nearly over - and within two or three years, he predicts, "most countries" in the world will have a blanket licensing regime where we exchange music freely, for a couple of quid a month.

Given the money invested into DRM technologies every day it is not clear how well that prediction is going to work out, but the interview is a very interesting read in any case.