David Lowery of Cracker fame (I used to sing along with “Low” back in the 90’s) writes about the current sea change of artists making a living sans labels and the recording industry:
Yes in many ways we have more freedom. Artistically this is certainly true. But the music business never transformed into the vibrant marketplace where small stakeholders could compete with multinational conglomerates on an even playing field.
An absolute must read from an author who has been on both the Big Label and Indie side of the equation. If I remember correctly, Cracker started as a major label act and went indie intentionally after their first album.
WILL KUHN 
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