This is good news and also proof that the record labels are greedy, totally disconnected from reality, their artists and listeners. They basically screw everyone over for a Profit.
How else can you have a product that everyone wants, yet you find yourself going out of business.
Music has always existed, and will continue to exist long after the fat cats and greedy labels are gone. We will simply have a far more personal industry that deals direct between the actual artists and studio's.
So this gets a big thumbs up from me.
James