I don't work around this industry, but it seems to me you are right. I've wondered about the value added by the record labels since the emergence of the intern

I don't work around this industry, but it seems to me you are right. I've wondered about the value added by the record labels since the emergence of the internet. It seems that the value of labels used to be production, promotion, and distribution, all of which have been massively simplified in the last 20 years. Perhaps can fans now have a more direct relationship with the artists, and the economics can be further improved by elimination of the intermediate party (record labels).