Former Creation Records boss Alan McGee has again made his distaste for record companies known. McGee has been a thorn in the side of the industry since closing Creation back in 1999, although he has spent some of that time running a different label, Poptones, with mixed success.

This BBC interview, taped almost a decade ago, contains many of the views McGee still holds today. The prescient article mentions McGee’s belief that record companies will be “swept away by direct marketing on the internet.” Now, some nine years later, the man who signed Oasis, Primal Scream, and Teenage Fanclub is sticking trenchantly to his views.

"I'd recommend a band not to go to any record label, I think they're all fucking rubbish," he said, in an exclusive interview for London indie radio station XFM. "You're better off doing it yourself. They're living in the past, it's like owning a tram company or something." The XFM show airs today at 10pm (BST). [NME]