As if Perez Hilton getting an A&R gig wasn’t enough of a sign of the impending collapse of the music industry, the New York Post is reporting that energy-drink maker (and official frat-boy mixer) Red Bull is getting in on the action and starting their own branded record label.

Things to note from the Post article:

-Red Bull recently sunk millions of dollars into creating their own recording studio
-They think they can fill a void in the young male demographic (this is wrong on SO many levels)
-Former MTV VJ Matt Pinfield is somehow involved

This has nothing but trouble written all over it. If that dude David Cook doesn’t win American Idol, you can be sure this is exactly where he’s going to end up, especially since the Shop Boyz already have their sponsor locked up.