Tuesday, July 7, 2015 12:57pm ET by  
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Ed Sheeran on the music industry: 'It lacks balls and imagination'

British singer-songwriter Ed Sheeran has opened up about what's wrong with the music industry and confessed that it lacks imagination and "balls". 

He told CNN that rather than finding and nurturing unique talent, the music industry will look at what's currently popular and just try to replicate it:

"I think the problem with the industry is that people have no imagination. So, me being successful, every single label will try and get their own version of me [...] any band that's big, a label will go, 'right, we need that', and it won't do as well. They just move on to the next thing. I just think the industry needs more balls."

He also addressed music streaming and file-sharing, and revealed that it's something he supports because it helped to launch his career and raise his profile significantly:

"My career started taking off when students in England started file-sharing my stuff... so I'd go and play in student towns and have three or four-hundred people come and watch because they'd all shared my album for free. I wasn't getting paid for it, but then I could go to their towns and sell tickets. So Spotify works for some people, but yeah, I like it."

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Watch a new interview with Sheeran below: