If the majors collapse, or are reduced to a shadow of their former selves, that could be good. It could mean less homogeneity, clearing the deadwood and allowing a new diversity to flourish. Then again, that's sort of what happened with the rise of grunge in the early 90s, or so The Sell-In suggests, and it ultimately got assimilated into the system. Chances are, the cycle would repeat itself; though hopefully, the next time around, with artists having more autonomy, the system would look more like book publishing (where authors retain their copyrights and have more control) rather than the pimplike racket of the recording industry (where the legal "author" of a piece of music is the multinational corporation who lent (that's right, lent; it all comes out of the artist's share of royalties) the artist the money to get it recorded, and contracts give companies draconian levels of control over the artists' careers). The present system is riddled with scams and systemic corruption (a throwback to the days when the nascent recording industry was dominated by organised crime), and it's about time for a change.
Please keep comments on topic and to the point. Inappropriate comments may be deleted.
Note that markup is stripped from comments; URLs will be automatically converted into links.