Talented musicians and artist, just like entrepreneurs, make it big when they breakout. Record labels, just like venture capitalist, sign them in and get them onto the next big thing. The pros are that there is already a per-existing network and connections for these record labels hence everything moves quickly. Confirmed gigs and good ones that is, with marketing sorted out for them. Musicians get paid. But record labels can take from 50% - 90% royalty of artists and bands.

Record label promotes and distributes, but you also need producers, and they take about 2% - 50% of streaming revenues. Good producers are rare and would make a big difference. The creative industry is very different yet similar to startups. Its a diff way of approaching what works, but the audience is all of us. And record labels / producers need good artist and bands just as much as artists and bands need them.

Back during the hippie era, the breakout from norm was heavy on creative expression and counterculture. The big battle was between the creative industry led by the left and capitalism led by the right (50s - 70s). An example of a creative industry led by capitalism would be Disney which synced and optimized creative processes to maximise output. This unfortunately meant a larger form of creative suppression.

To breakaway from the culture as a whole, a lot of indie artist emerged, but harder to make it big as indie or get funded well, let alone as a well as a breakaway artist. Jazz was big on individual expressions from the 20's era but I'd think Motown (record label) shaped African American music throughout the beatnik era - Marvin Gaye, Stevie Wonder. This beatnik period was a lot on finding a bridge between creativity and capitalism.

One reason why I think Tidal was a smart purchase is that the Bitcoin integration with rev stream and many features to it brings out all the past problems and strengths and finds the best way for capitalism to benefit creativity ie boost artists, increase visibility and improve payment modes.

Nostr music apps have just as much potentials, if not more.

My wild guess is that when Tidal and Nostr music apps takes off, there is going to be a revolutionary way in which record labels and producers start operating with new and better revenue streams. I believe this culture change will slowly start sipping into the movie industry as well, and maybe even independent entrepreneurs. It's definitely one of the more interesting integrations for the future, from a historical perspective