@Padlock:
What do you mean by saying that the music industry is dying?
Where do you see it going in the next 5-10 years?
Your insider knowledge is highly appreciated.
No problem. Happy to share any insight.
It's dying for the reasons I outlined in my previous post. A lot of artists are discovering that they just don't need the labels anymore to follow their dreams.
As an example, years ago (back in the 90s; I'm probably one of the older members of BHW, I'm guessing), I was in a band that signed a major label recording contract. We never took off. But, in order to get to this point, I had to uproot myself from my home, move to New York City, struggle in the clubs for two years, live in a van on brief tours, rent a shitty apartment in the City, practically starve while relying on managers and angel investors to pay for demo recording sessions.
When we finally got our shot and signed a deal, we were given a huge advance, sent to live in L.A. while we worked on our major label debut. The record company paid for everything. The sessions, our rent, our food, our booze, etc. They even sent us out on the road to open for a couple of (at the time) major artists.
In my case, the band broke up shortly after finishing our record. The album was shelved and I returned home with nothing more than a few good stories to tell.
Then...I got a bill. From the label. For about $50K.
See, none of that shit was free, it turns out.

Because the label wasn't able to recoup their losses from their investment via us touring, selling records, etc...that "loan" that they'd given us was now due....in full. We were going to get sued.
Of course, I didn't have that money. And, luckily, we had a good set of managers that worked out terms and allowed us to not go bankrupt in the process.
But, the above was a very common story back then. We wouldn't have had any other way to become successful artists were it not for the labels. We NEEDED them.
Today...bands don't need the labels the way that they used to. More and more often, you're hearing wonderful stories about bands that develop on YouTube or Reddit or Facebook even. Instead of signing with a label, sometimes they just build their own businesses and do reasonably well. As I mentioned before, they don't get rich....but they make a good living...and they don't get delivered bills for $50K. lol.
The labels are seeing this. So, they're signing fewer and fewer artists and focusing now on vehemently protecting their catalogue. This is what's going to make them money in the long run - it's like protecting stock. Thus, Vevo and other tools to ensure that this catalogue continues to turn dividends in the future.
The music industry, as a whole, in the 5-10 years is going to be turned on its ear. It's happening already. As services like Spotify and Pandora grow in influence, radio, for example, is being forced to try to adapt. In doing so, radio is slowly turning away from relying solely on major label content for its playlists and seeking to discover new music to introduce their listeners to in other ways. Radio is slowly reverting back to its old ways...like back in the 1950s when DJs would discover new artists in clubs and play them on the air...only now - they're discovering them through Spotify and such and then adding them to rotation. Often these are indie bands.
So, I would predict that in the next 5-10, you're going to see the labels focus on their extensive libraries and protecting them, radio will be radically trying to change its entire paradigm and artists will be turning their attention to farming out their marketing to people like US.
This is where members of BHW can turn a profit. I'm inviting competition here but...meh - I'm doing OK and I'm good at what I do. So, bring it on.
We know how to market the shit out of practically anything, right? A lot of us love music, right? Well, here's an opportunity. Work on growing a business that tailors your marketing skills to the independent artist.
The downfall here, of course, is that up and coming acts don't have a lot of money to spend...so you'll need to get creative as to how you'll get paid. This is what I did. I'll leave that part open for speculation, however, as I don't want to give away my entire method. But, senior members can likely deduce my model.
Sorry for the long-winded reply.