I get what you say, however I don't think a head shot to the industry is a bad thing. There has always been great music out there, however until recently if you didn't have a record deal and a way to get your music pressed into vinyl or lasered onto cd you could not realistically be heard by a wider audience. Sites like Bandcamp have allowed bedroom based producers of music to get some brilliant music out. I admit, not for fortunes of money but because it's their passion. I feel more akin to a musician making music they love to an audience that 'gets it' as opposed to U2 yelling at that us they can save the planet from itself, from the inside of The Shere in Vegas.
I also think it's wrong to suggest artists producing music post 2000 can't fill stadiums. Many do, however from a live point of view I think artists can make money touring many smaller boutique festivals where customers think having to wad through rivers of excrement is not a good way to spend their money.
I say this as a forty something who doesn't always get youngsters listening taste, but doesn't feel too aloof to think my music was better. I have seen plenty of modern gigs and festival footage of bands I dont like, sending a crowd wild, thinking if I was 20 years younger I would probably lose my shit there.
I was talking with the guy who runs the amphitheater here… it’s a place that used to have a concert every weekend about 20 years ago with a meager 12,000 capacity. But, now, they may have a concert a month or go a few months between. Used to be Garth Brooks, Cake, Matchbox20, Beck, etc… but, the problem was explained to me that because so many people listen to their own playlists, with algorithms leading them to more of the same, the listeners are spread out into their own worlds, whereas 20 years ago the radio dictated what we listened to (for the most part). That’s where we learned of new bands. So, now, smaller venues have bigger names, because most bands have smaller followings. But, yes, there are a few (much fewer than used to be) big names, mostly R&B/rap and country.
We also went through an Indie Label explosion from the mid 90’s to the 2000’s. When I go to the record store (yeh, I spend a lot more money there than the pipe shop these days) I notice that there are 100’s of labels. There was a new album press set up in Birmingham recently to press albums for several labels. So, there’s not just four major labels anymore, but hundreds.
And, the radio, from what I can tell, is stuck in 1990. I’m not sure it’s because of so many labels to contract with or not, but FM sucks for finding new bands. IMO
What does this mean to the listeners today? It’s harder to find new music. People talking about a band, algorithms, tv, mere chance… I tend to find new bands at the record store, talking with customers and the workers. I just try to find someone without a bunch of skulls tattoo’d all over their face and arms, and start a conversation. Ha ha. Nothing against tattoos, but I rarely share the same taste in tunes, ha ha.
But, sure, I find lots of new bands and musicians that I think are awesome. It doesn’t hurt that I married into a musical family, and I have friends in the industry. But, even as an Apple music subscriber with everything ever recorded at my fingertips, it’s still hard to find good new music, but they are out there.