The End of the Record Label as we Know It

Updated on Wednesday, February 27, 2008 at 10:41AM by
Cheevo
Well, a little bit of travel and then the family getting whacked by what seems like every seasonal virus breeding in the air has sideline me for the last several weeks.
In that time there has been a number of doom and gloom reports and articles on the state of the record industry. None of it is all that surprising. The Yankee Group kicked it off in early January with their report The Rise of Digital Music Means the Demise of the Record Label
From the press release:
"digital revenue (online and mobile) is growing, but is insufficient to offset declining CD sales. Over the course of the next several years, Yankee Group anticipates that music industry revenue will begin to stabilize in the US, though at a lower level than previously seen. By the end of 2007, digital music revenue in the US grew to $1.98 billion, and will reach $5.34 billion by 2012. However, artists will increasingly keep the lion’s share of this revenue as record labels become marginalized."
"Demise" - Really? I don't know about demise.