Here is a nuanced analysis on the current state of Music and New Media by Jeremy Silver, CEO of Sibelius software.
First paragraph of the introduction from the IT Conversations site:
"The general perception is that the music industry is in flames. But music is such an extraordinary experience that it has power to carry on regardless of what happens in the industry. Jeremy Silver discusses the fertile and dynamic world of digital music on the internet which is a scary place for an industry trying to make money. Silver advocates for the success of the music industry as an important contributor to the economy and to the preservation of musicians in society. But no one knows the direction to take the industry for growth."