Record companies as they used to exist just aren't really around any more.
I mean, there used to be a huge market for selling music in physical formats, but the internet has made much of that industry (like so many others) all but redundant.
This has put financial pressure on all of the traditional mediums through which we were delivered good music in the past - the pinch on the record industry has carried over into radio, where 'classics' and 'oldies' are a surefire bet, over finding new talent.
And the "talent" shows that are served up - glorified kareoke reality tv bullshit - is swallowed up by the celebrity-obsessed masses.
But fear not! There are still thousands of great bands across the world - it's just that it is now up to us musical aficionados to find them.
Where to find them? Online, through any number of sources - or better yet, the live music venues of your nearest town or city.
Practically all the great contemporary bands i have discovered over the last 10+ years have been playing local bars/clubs/warehouses/parties - or simply an act working the touring circuit that i have taken a chance on, and fallen in love with. For me, much of the soundtrack of the 21st century has consisted of bands i've seen in little clubs and dive bars. That is where good rock'n'roll started, and arguably where it belongs.
The death of the old school music business means that it is harder to find those (new) gems that everybody knows and loves - but the upshot is that there is still great music out there, but you can experience it in a more intimate live setting than a big fucking stadium show. Personally i think it is a bit sad that the 'mainstream' is so vacuous, safe and hollow - but that kind of makes the good stuff - when you find it - all the more special.
Look at how many bands were destroyed by "mainstream success". Not every musician is cut out (or desiring to be) a "star".
That's not to say that they don't need the support of an audience to sling them a few bucks for the door fee or to buy an album - the vast, vast majority musicians today are struggling to make any kind of money from their art, and even the most successful, famous performers i know work day jobs of some description.
Sure, we want to get our music out to the people, but there are so many examples of this going to people's heads and fucking up their creativity.
My 2 cents anyway.