Record companies are going broke because distribution channels have cut out the middle man. Imagine trying to sell your record in Australia in 1990? Right now you just need Itunes.
I agree on the distribution channel, however, the record companies are to blame for not changing their model in good time...
I find the music industry flawed. IMHO, I'd be happier if the producer's got the music, as they are the ones with the *creative input*. Apart from a few artists, most musicians depend on their producers, they just happen to be gifted with both the looks and the voice to perform. If musicians were actually *that* talented, why do many resort to lip syncing when tasked with live performances, but that is neither here nor there... In the software world, it would be similar to paying for demo software...
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With Regards,
Phares Kariuki
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