The old model for music distribution:
1. A song gets played on the radio.
2. A listener hears the song and would like to listen to it on demand, so they head down to the album store and buy a CD or record.
3. Listener pays for product, leaves happy! Music!
4. Distribution label PROFITS!!! (though cut has to go to artist, agent, CD/record production, etc.. ).
The new model for music distribution:
1. Listener hears artist's music on Youtube, can play on demand for free, can contribute to artist directly!
2. ??? - sound of crickets chirping -
Not seeing the need for big labels anymore myself. They are trying to coerce money out of a system that is rapidly realizing this new reality. Good luck with that!