Final answer:
The statement is False. Many rock originators and independent labels continued to thrive in the music industry well beyond 1960.
Step-by-step explanation:
The statement is False. While it is true that some of the originators of rock and the independent labels they worked for were no longer active in the music business by 1960, it is incorrect to say that most of them were. Many rock originators and independent labels continued to thrive and make significant contributions to the music industry well beyond 1960. Some examples include Elvis Presley, Chuck Berry, and Atlantic Records.
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