^ which people? People on independent labels (if I'm understanding this correctly?) are seldom wealthy these days.
I mean, I have quite a few friends that are world famous musicians - they all have day jobs to pay the rent.
I'm not agreeing with these apparent new content conditions, mind you - but the idea that well-known musicians are all filthy rich is thoroughly outdated.
The recording industry completely collapsed about 10 years ago (much as the publishing industry and print media are going through at the moment) because of changes in the way people communicate and consume music (and various forms of writing, literature and news media, respectively).
It always amuses me how people blame the artist(s) for greed or whatever, when in a lot of cases, the contracts they've signed (in order for their work to reach larger amounts of people or whatever) are just as restrictive on them as artists.
YouTube has certainly become a lot less of a free-for-all than it once was, which is a shame for the consumer, as it has become such a repository of archived culture - and a shitload of randomness also.
Like all of the Internet giants that have come and gone in the last 20 odd years , though, I suspect it's day will come sooner or later, when a company offering a superior service (whatever that may mean) comes along.
The more corporate YouTube becomes, the more redundant it may be, I can't help but feel. Having said that, I'm sure the constant legal squeeze would be difficult to maintain for too long, without the company getting serious about copyright infringements and so forth.
But I wouldn't blame the artists themselves. The few big record companies left (Universal, Sony and Warner are quoted in the article - and that's about it in terms of "majors" these days; the pop music market that was artificially inflated for ~50 years finally fell apart and the big boys in the game all ate each other up) have always been - and still are - greedy bastards.
Which isn't to say some pop stars aren't also - but times have definitely changed in the 'business' side of music.
Being famous does not equate to being rich; if anything, preventing smaller labels from using YouTube for publicity will hurt the musicians, I would guess. Then again, it might be a blessing for the genuinely independent artists who don't rely on contracts, lawyers or record labels or distributors to release their music.
It could have positive effects for some music and musicians. Who knows?