Why would they wanna buy such a site, they have it now already, it is called a facebook fanpage that cost them nothing and can connect them with their targeted audience, this was a good method in 2008 maybe, but these days everybody (especially in the arts and media) is building their portfolio on social media.
They still need a professional website and that is especially in the arts and media. Speaking from day job experience, having a website along with the standard social media shows professionalism. Many dont have a website and know they need it but dont want/cant spend thousands on a website. Many also dont have what some consider required standard social media profiles.
i know a singer who last year (2016) spent 500Euros for some dude to make her a shitty 4 page wix website and she pays the yearly domain and stuff on top as well.
....that could be another twist. throw in soundcloud, or flickr, or facebook page setup or a complete "social media profile" setup for those who don't already have it, for a fee
or do a reoccuring service of linking their events to ticket sellers, updating their website with event dates, etc.
to proclaim this method dead is bullshit.
hmmm, i'm going to have to keep digging into your comment, though.
with so many people on the world, there is always fresh meat. as long as there are websites and they are considered a professional standard, this method will make money. there are always people starting or switching carreers, starting businesses, etc.
going from my day job, if i am looking at artists, a facebook page on a large desktop monitor looks almost always like total dogshit. I dont care if they have 1,000 facebook fans or 1,000,000. if I am an agent, manager, venue, booker, festival organizer, journalist, label, colleague, sponsor, government entity, fan, etc. the gold standard for information is the website. Social media is great for connecting with fans and milking them but professionally the website is what most needed.
there are exceptions but they are so rich and famous that they are like dealing with a corporation and you would be dealing with a handler. Or they are like some of the creme of the berlin techno djs who dont give a fuck and have a sporadically updated facebook page, a soundcloud last updated 9 months before, and a resident advisor profile that is only updated if the venues do it. And they pack the dancefloor and sell albums worldwide.
So, yes there are exceptions to the website thing but I just hate it when people speak about the arts and entertainment or music business and clearly have no idea what an insane monster that business is nor what is considered standard practice which oddly enough is similar to....most other businesses. It just has one hell of a dirty underbelly.
Dont put your kids in the arts.