Change in the music industry

As follow up to some of our discussion from last week, here is an article about major artists leaving their record labels or selling to fans directly.

Will it work for them? What about new artists and bands that are small and not well known?

Jonathan sent me a link about an artist who was discovered because of myspace. The music industry is in turmoil, but I still am not sure the major labels will go away entirely. What do you think?