NYT: Artists Find Backers as Labels Wane

This is why it’s beneficial and wonderful to work in an industry in flux. It comes down to the core offering, the business model, and sticking to what can / should work. It’s hard to remember that not too long ago, the model of the music business was: take a risk on developing a huge pile of artists, the few outliers / successes will subsidize the entire A&R operation.