Perry, who's watched the decline of album sales first-hand and as a spectator, is of the Morrissey school of thought in thinking that the record labels have fallen off when it comes to promoting artists and new releases. In an interview with Yahoo! Music, Perry in part blamed the labels for the decline in Aerosmith's sales that was especially notable with their 2012 album, Music From Another Dimension!, which Perry said was "one of the best records we'd done in years and years."

"The record companies don't really invest in the artist the way they used to," he said. "In the '70s, you usually had fans that were just sitting and waiting for the next record to come out - and if they didn't like it, they bought it anyway! But that's kind of the way our whole economy is now. It's built on growth instead of quality. It's built on 'out with the old, in with the new - buy the new car because last year's car isn't cool,' rather than build a really good car that will last you as long as it should."