digital music (r)evolution

Artists and bands can now produce their own music on a laptop with a realistic budget and fantastic results. They can take charge of their own promotion and distribution through MySpace, Last.fm and Indiestore. The digital music revolution has lowered music production costs to almost nothing. So why does the music industry still hold so tightly to their feudalistic business model and unrealistic constraints? Why do artists still only receive pennies on the dollar for iTunes Music Store sales? Why are boxed sets of music which was bought and paid for over fifty years ago still being sold for upwards of $40 when the cost to the record label is really less than $4? MySpace et al. are in a position to cripple this prehistoric beast of an industry. We're watching a revolution happen, and I couldn't be more excited.