The Music Industry's Future

The music industry is currently undergoing a complete overhaul. Depending how you look at it the imminent death of major record labels may or may not be a good thing. Many people hate huge record labels because they 'always sign artists that sound like the same like Kesha or Katy Perry', but at the same time many people are grateful for the big record labels because they have the startup money many new bands need to get off the ground.

With their death we will see much less mainstream music, there will no longer be Lady Gaga's or Nickelbacks, instead we will begin to see more and more underground bands emerging through the Internet. It seems like a great thing because who doesn't love more music? But if no bands are able to get enough publicity then the concert industry is going to completely die. And since thats where bands make their money, if theres no more concerts then there will be no more bands.