We know piracy (I include illegal uploading and downloading as piracy) killed the music industry. The only bands making money now are bands that were already established before the explosion of internet piracy. Because of piracy, there is no real money in trying to rebuild the music industry now. When a band got signed to a record deal in the 80s and up tp mid 90s you had tour support, tour busses, local A&R people, the whole nine yards, which was "artist development" but it’s all gone now. How important is artist development? Both Queen and Pink Floyd didn't have a hit album until their 6th or 7th album. These days, if you don't make it almost immediately, what's left of the record labels would drop you. They don't have the patience to nurture and development a Pink Floyd or Queen. Back in the day Def Leppard said if they could get a few singles on MTV they’d be able to make it, and they did. That happened with a lot of bands who did that back then. Now we have YouTube but there are billions of videos and musicians on there and if nobody knows your name, nobody’s going to look you up.