We all love some scurrilous re-telling of industry lore – especially from the days when the music business was gluttonously, gloriously fat.

The dog-eat-dog screw overs. The woeful wastes of advance on the next Prince/Madonna/Shed Seven. And yes, the white powdered megalomania of the whole kaboodle.

Gak, gumption and general grotesqueness. It used to make the world go round, you know.

These days, sensible people point out that’s where it all went wrong; when the music industry was so jacked ...