You take some money out of one area of the record industry it won't crumble. It will adapt, like when ICT took over the world everything just adapted.
The producers have less money, the suppliers of audio equipment lower their cost, bands get offered smaller contracts. Everything keeps going just without millions of £ just sitting there looking pretty in big producers and bands bank accounts.
And even if this is the end of big record labels its the rise of digital distribution, these big companies like EMI would just need to adapt to the new climate instead of insisting it shouldn't be changed.
And it mostly means when bands get offered a contract its going to be a much lengthier one than the 6 albums ones Oasis and Radiohead picked up.
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