Lots of small labels are closing and lots of good bands are just not being known by people. We all lose.
Sure. But this is not due to piracy. It is because of low market penetration. Brian Epstein made 'The Beatles' to name one...
Yeah, and Sam Phillips made Elvis and Cash. The question is do you think The Beatles, Elvis Presley and Johnny Cash were talented enough that, had a service like iTunes or MySpace existed at the time, they would have had their big break regardless, simply because of their immense talent?It's the Britney Spears, Paris Hiltons and Justin Timberlakes of the world who need to worry about not being discovered if producers and managers are taken out of the equation, not the David Grohls, Eric Claptons and Neil Youngs.