I realized about a year ago that nobody anywhere even had a clue, never mind a plan that saved what was worth saving about the music industry – the music part.
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Guilty. Most of us reading this are. There were several entire generations that went by where it was a perfectly logical thing to associate money and music as somehow being comfortable companions if not downright synonymous. It was BIG business - not in the way that defense contracting is, but it was perfectly logical for a certain subset of money and attention seeking individuals to get into the music business. And you didn't even have to have musical talent! In fact, there was more money in it for those who didn't! Word eventually got around and by the late 80s most labels heads weren't music lovers but lawyers. The snake started eating its tail sometime around then. Nirvana was arguably the last great, game-changing band that came out of that entire era.
I don't mean to sound like one of those bloviating music biz pundits. So anyway ->