More interesting bits from the same article:

"The "disintermediation" models of Prince and King work well for them
because they are already famous and have a fan base they can count on to
be the initial buyers. Although many new artists are using the cheap,
efficient Web to promote themselves, it will never replace the promotional
investment a record company can make. Book publishing and record companies
will have to shed the distribution aspect of their business and become
marketing and promotional companies that discover, package, and sell new
artists -- PR agencies cum venture capitalists of sorts."

... http://liberzine.com/jerrybrito/000804bizmodels.htm

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