This is a heck of a topic.
Its too hard to pinpoint what is going on in the record industry. For one thing, music has changed. I really think the root of the problem is Clear Channel/Commercial radio. They are the ones who don’t promote artist other than the Hip Hop/Pop stars that have one agenda, make “A LOT” of money. And that agenda is set by the record labels whose target market (the 13-24 yr olds) that live in a digital way of communicating and sharing (pictures, music, video) whose attention spans are short (anyone seen the way videos/shows are editing on MTV). It wasn’t that big of deal to labels if my buddy came over to listen to Zooropa or Pop, but why does he need to come over anymore when I can just send him the tracks or burn him a CD? This younger generation does not think anything is wrong with this.
With FM radio not promoting new artist, the artist they do promote rarely tour or charge too much money for parents (or anyone) to justify buying tickets. The older radio listening audience just listens to older music. To me its really un-healthy to listen to a “Jack FM” all day. I saw Van Halen last week and while I enjoyed the show (again played songs nearly 30 years old), I kept thinking to myself, VH isn’t gonna be around forever, either is U2. Who is going tour the arenas anymore? The big tours today are all reunion tours charging over $100 a ticket. I know of bands whose music could fill an arena (even a stadium) but with no one hearing their music they can’t sell tickets. I don’t think it would kill anyone if Arcade Fire was played on the radio once in a while.
With DVD’s , satellite radio, movies, satellite TV, videogames, Ipods, and other mediums, the music industry has a lot more competition than it used too. The music industry just needs to a better promoting new artist on the radio and things will fall in line. I’m a DJ part-time and I play 4-5 songs that not many people know, but after hearing it loud & clear, many people ask me “Who was that”. I admit too not buying as many CD’s as a I use too, but I do buy the albums I really enjoy after hearing a few songs online (or Ipod) and I always check out bands live. I drive an hour from San Antonio (the worst music city ever) to Austin to see Silversun Pickups, Band of Horses (driving Saturday to Dallas), and My Morning Jacket.
We can do our part to promote new music and help out the new wave of artist, but to me that’s the labels/radio’s job.