Musicians might, for now, challenge the major labels and get a fairer deal than 15% of a pittance, but it seems to me that the whole model is unsustainable as a means of supporting creative work of any kind. Not just music.
The inevitable result would seem to be that the internet will suck the creative content out of the whole world until nothing is left. Writers, for example, cant rely on making money from live performances – what are they supposed to do? Write ad copy?
As (David) Lowery has pointed out, there’s no reason artists should simply accept the terms and join up with whatever new technology comes along.
Via The Guardian