He said that people in the music business can't simply find new ways to do old things. "The old things are gone. In the next couple of weeks, maybe months, there will be a bloodbath at the major record companies. We're not at the tipping point, we're on the other side."

He said the goal of having a hit record is a bad goal. "Maybe one person in this room will have a hit record. The days of hit records are over," he said. "It's about being something real. . . people need to change their goals in order to survive as entertainers." [the story continues at the full story link, but Bob doesn't mention if that his work on "Psycho Circus" helped this downfall - more on this story