The main problem with the music industry is not the artists, they don't make any money off album sales; not because of pirating, but because the distributors suck every last penny from the sales. The RIAA is not made up of artists, they are made up of distributors. The distributors are no longer needed in digital distribution, so they are losing money, the artists are not losing money, as they always made their money from the live performances.
When you try to defend the music industry, really think about who you are defending because it isn't the artists.
Very well said.
I think the time will come that musicians will be making some real money from the recordings, which has never been the case before, because they get to keep a much, much higher percentage.
It was a sad day for the big labels when indie artist Amanda Palmer brought in over a million dollars ($1,192,793, to be exact), independently of the labels, to mix, distribute, and promote her new album. On her Kickstarter page there's a video where she explains the whole thing, and points out that if she'd financed the album by letting a record label do it, she herself would wind up receiving zilch from the album sales.
All she needed was a twitter account, a facebook account, a Kickstarter account, and 25,000 friends.