That's why (I assume, I'm not in the music biz) labels stay relevant for now, because they act or sell themselves to artists as some kind of union to protect them from draconian streaming services. But I might be totally wrong on this.
that's very likely not the case. hence the issue.
Even if it was, keep in mind these are focused in Sweden. This model may only get worse if an american "label" tries this.
Some really do function like unions: groups of artists sharing the functional/procedural/admin burden that comes with keeping their publishing as Saint Francis of Zappa advocated, or paying someone who cares (perhaps a small indie record shop owner) to do that for them as a side gig.
Some are little more than asset classes for private equity at this point.