ALAN McGEE: What’s the story? Glory years of big record labels are over says the man who discovered Oasis

Alan McGee, one of the music industry’s most controversial and enigmatic figures is set to return to the business he once shunned more than a decade ago.

Best known to those outside the industry as the man who discovered Oasis 20 years ago, McGee now has a 50 per cent stake in a new record label and a roster of 20 bands up his sleeve – despite once saying he “got bored with music”.

For a man who helped shift more than 50 million records in his time, the Glaswegian is refreshingly frank about an industry on which he had turned his back.

“I think if you’re talking in musical terms, the major record labels are   ....

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