Why do you have concerns about the business model of the music industry?
I didn't say I was concerned. I was noticing a trend. See 4th entry below.
Do you care who will be the next Ed Sheeran, are you looking forward to all the upcoming copycats of Billie Eilish, will we ever get a new Prince?
Absolutely not. Please don't put words in my mouth.
The reason for any artist should be the art itself, not if and how they will make money out of their music.
Might that be slightly naive?
The "business model" is more of a tool made by people who want to make money out of someone else's art, but this middle-hand is not needed anymore. The artist can fund their own recordings, they can easily distribute the music to every corner of the world thanks to the digital music formats, through their own websites or sites like Bandcamp who only take 12-15% of the revenue.
And it appears that this IS the new business model ...... if it can work. My opinion is that there will always be a need for professional studios, recording, mixing and mastering engineers. In the past, the studios and producers controlled the artists to a very great degree, because the artists couldn't self-fund studio work, vinyl pressing and distribution, and airplay. The Industry was, in a very literal sense, a commercial bank, albeit a controlling one.
And I doubt that their participation will totally disappear. When you say that the artist can fund their own recordings, that presupposes that they already have the money to do so. Emerging artists generally don't. There is still a need for a "bank" of some sort to make professional services available to artists who need more than what they can manage on a DAW, a bunch of emulation software and a set of mics.
It's going to be reduced in scope. What we don't know right now is how far it will be reduced. Jim