This is being done right now it's just segmented and no real platform has emerged as the place to do it. The real problem with the model from my perspective is

This is being done right now it's just segmented and no real platform has emerged as the place to do it. The real problem with the model from my perspective is that in artists (and their label/mgmts) desperation to remain relevant & earn a better living they are constantly on social media & watering down their celebrity. Combine that with the fact that any cute kid on YouTube can suddenly become a celebrity in his own right you have a) way more celebrities and b) way over exposed celebrities. The internet has basically commoditized being famous in some ways and in most artists desperation to try and get 'bigger' and make more money they make it worse. There will always be the massive artists where the masses go insane and people line up down the block to video chat with. Those artists don't have a problem now. The ones that are really in trouble are the every day middle of the road full time working artists (selling 50-300K records). This kind of platform will not work with enough scale & consistently enough to even begin a conversation about it replacing old record sales revenue. I think he touched on the real key to the long term music business which is embracing streaming and getting as many fans as possible to listen to your music and care enough to go to your shows. Any money a band makes from recorded music will forever be a bonus.