Just to clarify I don't think its the death of the music industry, its the EVOLUTION of the music industry. Middle people (managers/retailers/labels etc) beware, musicians are realising that by investing their own money (if the music is good enough) they no longer need you.
This from Bob Lefsetz - and shows how distorted the industry really is:
From: Jamie Howarth
Date: January 29, 2011 9:47:53 PM PST
Subject: Grateful Dead - not noted...
Dead moved 3.5Mill of merch in 4 days.
Europe 72 sold out 7200 units (65CD set), presold won't deliver until September - at 450 bucks apiece. Already on ebay for 1000 bucks. Again, presale. Sold out. Boom
Nobody noticed the biggest gross of the week.