A First Monday paper which proposes a new music business model which will remove record companies as we know them today. We pay less, the artist gets more. Sounds like a plan.
Revenue flows through the proposed framework would remain fairly simple and transparent, characterized in the first instance by artists (or their managers and agents) enjoying near–direct payments from consumers. Artists themselves or their agents would themselves take responsibility for the expenses of production as outlined above, and for their income they would contract with the webmasters, who would collect the payments from consumers and (after subtraction of a fee or commission) pass them on to artists.