Also a lot of artists these days do not want to have anything to do with record labels, there is very little point going through endless hassles with so little return - In the good old days the Record labels had two big guns in the means of production suit - control of the medium, ie a record pressing plant - Home CD burners blew that one out the water
Then there was the recording studio, and PC based recording saw the end of that
The only thing they have left is their back catalogue (old recordings) and a network of distribution (the record shops)
Like our good friends Telkom they also took advantage of a monopoly situation - back in the 80s when there was the Energy crisis, the price of records went up and up... why, because they were made out of Vinyl which was a petroleum project - funny thing was, they never went down in price, heck even when CDs came along they put the price up even more... Why... ohhhh it was because they had to pay from the infrastructure - In fact it is a real hoot that a VHS tape of a movie is half the price of a DVD
"I weep for you," the Walrus said.
"I deeply sympathize."
With sobs and tears he sorted out
Those of the largest size.
Holding his pocket handkerchief
Before his streaming eyes.
"O Oysters," said the Carpenter.
"You`ve had a pleasant run!
Shall we be trotting home again?"
But answer came there none--
And that was scarcely odd, because
They`d eaten every one.`
The Walrus and the Carpenter - Lewis Carroll