EP’s are where it’s going.
For some time now I've been conceptualizing about how to create a better record label. I won't go into everything about my business model, but a big part of this new label will be to do away with the LP format (long play with 13-16 songs) and release more EP's throughout the year.
Wouldn't it be great to put out an EP and then taylor your next EP to what the reaction of your fans has been? In a sense you will be making custom albums for your fan base! That's a new approach in an old industry that doesn't like change.
Well, it seems that I'm in good company. Thom Yorke has announced that Radiohead will stop making LP's and focus on singles. I like this idea. I like it a lot!