I see the opposite happening, as rent-seeking models like that of the recording industry are replaced.
Also, this regards the music an artist makes and sells, not every aspect of their life.
Also, this regards the music an artist makes and sells, not every aspect of their life.
The idea of recording companies will still exist. Maybe somehow the big incumbents get caught out by the change to a "digital economy", but all that will happen is new ones will appear, and will end up doing exactly the same as the old ones.
Digital distribution was supposed to free artists from record companies. Now it is consolidated to a few large companies like Spotify and Apple because musicians don't want to run and market their own digital store front.