Those wondering what happend to music need look no further than Frontline's documentary: The way the music died .
Filmed some time in 2004, this video documents the changing landscape of the music industry. For those of us attempting to aspire to notoriety with songs that are on the fringe, it leaves a bad taste; but it's a learning experience nonetheless.
Another fantastic view of the music business can be gleaned from Fredric Danne's Hit Men . This book provides a tremendous chronology of how music hits have been manufactured simply by someone's willingness to pay radio stations for spinning a song.
Do you really want to do business with this man: Walter Yetnikoff
Here's his take on Fredric's book:
I had the good fortune of meeting Frederic at a CMJ event a number of years ago ... I can tell you that I found him to be completely reputable. Some of the attendees were a bit annoyed with what he had to say especially when he informed them that the state of the industry was doomed to failure; the truth doth hurt.