What's to Become of the Music Industry?

Some say the music industry is failing. The fact is that the four major record labels are losing lots of money due to online file sharing and downloading. Over the past ten years the majors main job was to secure marketing for it's artist and nationwide distribution. If fact with all of the technology that is available in these modern times the point of a large recording facility and major budget production is not needed anymore. With the digitalization of recording studios, many entertainment professionals can take a huge multi-million dollar studio and build one in there basement and have the same quality.

So all that was left for the Majors was to distribute the music nationally. In comes the Internet. Now even music fans that want to get music legally are flocking online to such sites as Itunes, and Amazon to get music. There isn't a major need for hardcopy albums form majors. There goes all of there money! Now they are forced to cut into artist shares of live performances. This is now negotiated through 360 deals witch allows the majors to get a percentage of performances. Traditionally they wouldn't touch this money. Most artists are going with independent record labels because they only distribute locally. Some are even working their own deals with venues and publishers. Now music is truly independent. Most of the money these days are coming from licensing, "in comes the publishers." Artist and artist managers sell the rights to their music to be used in movies, commercials, video games, etc...
So is the music industry failing?

Not exactly. The traditional business aspects are failing tremendously, but technically it is better than it has ever been. Artist, Managers, and independent labels are finding non-traditional forms of media to profit form their copyrighted music. The money is with the people who now how to attack these mediums. Publishers like Green Crown has been helping people put their music out for small percentages.

My Opinion:
Hey, the Majors did it to themselves. No side is perfect in reference to business and art. Since the mid 70's top officials in the music business has been run by lawyers who aren't interested in music at all, but the reason they were brought in was because they were fixing the problems that happened when people who cared about the music and not the business brought up in the first place. Before the Lawyers were average music lovers who wanted to just hear good music. So now that the lawyers put a bunch of crappy music out they aren't getting loyal fans, hence file sharing, and downloading. So they're out of money and those who care about music are running the independent scene witch is booming. We are just starting over again. In the end those who didn't care about the business are still listening to music, and the lawyers are working hard somewhere else.