http://thetrichordist.wordpress.com/2012/04/15/meet-the-new-boss-worse-than-the-old-boss-full-post/Summary:
- Guy has serious trustworthy cred
- Has lots of numbers to demonstrate the decline of artist income over the last ten years
- Solid refutations of numbers to the contrary
- Tons of interviewed small artists never recoup their recording costs
- Actively fighting file sharing during a new release is proven to increase sales
- Streaming stations are shady and barely pay out
- Social media has made it harder, not easier, to sell merch
- Under the old model, massively successful bands lost a big cut of profits, but tons of perfectly-good but less popular bands were initially funded by the recording industry
- Now, anyone trying to get into the game is stuck with nearly the same recording expenses as the old days but having to pay out of their own pocket at extreme risk
- Digital sales take a stupidly large cut
- "a la carte" song purchases means that, if a band spends time and money to produce a song that turns out less popular than others on the album, that investment is lost (instead of subsidizing the rest of the album when they are sold together)
Aside from a few one-off success stories, which are often one-man sensations with low production quality, the new digital distribution model has trashed the scene for new bands that are trying to move up from "amateur". Weren't these the people that new media was supposed to help?