Swedish guitar legend Yngwie Malmsteen is featured in an in-depth interview with The Rock Pit. In the excerpt below he comment son the state of the present day  music industry:

Malmsteen: "The thing is if you’re already established, if you’re Judas Priest or Yngwie Malmsteen, you’re fine. There’s no difference, you do what you’ve been doing and it’s the same. But if you’re a nobody and you want to sound really good but you want to start out, you can’t get a tour bus or an opening act slot because there’s no machine there to invest in you.

All the old acts, like Alice Cooper, The Scorpions, The Police and more, they’re bigger than ever. Do you remember the days when there was a new band every fucking week? It’s not happening! Back then, someone could sink a few hundred grand into a band and make millions.

If you make a product that people steal and it costs money to make that product, you get no say in who’s going to put money into it.

To me, I thank god every day for being where I am. I can do whatever I want and not worry about airplay or the first single. I don’t have to worry about any of that shit. If you’re not established you’re never going to have a big mansion, you’re never going to have a big mansion and a Ferrari, you’re never going to be a rockstar. That’s the shame of it all. If you’re established, you’ve got nothing to complain about."

Go to this location for the complete interview.

On July 7th, Malmsteen was a special guest on the Las Vegas based television show, The Morning Blend. Enjoy his interview and performance courtesy of KTNV.