Found an interesting article on arstechnica
Looks like the shoe is finally on the other foot. Hope artists use it to kick industry arses really hard.
The new business model
So what is emerging is an increasingly "ephemeral" global music culture based not upon the purchasing of discrete physical packages of music, but on the discovery and subsequent promotion of musicians through file sharing. The big winner in this model is not the digital music file seller, but the touring band, whose music is easily discoverable on the 'Net. As with so much of the rest of the emerging world economy, the shift is away from buying things and towards purchasing services—in this case tickets to concerts and related activities.
"Some artists and music labels are making full use of filesharing and the participatory culture it sustains rather than rejecting it," Cammaerts and Meng note. "In the process, these artists and music labels are developing useful alternative models for revenue generation."