Ironically the mistake the major labels made was the same one that IBM made when it gave the DOS franchise to Microsoft nearly 30 years ago. They were faced with a new market that they didn’t understand. They had a piece of work that they couldn’t do on their own or didn’t want to do on their own and they didn’t view it as critical or important, so they outsourced it to a partner. The partner turned that seemingly unimportant work into a way to accrue power and create a monopoly and control the industry.
Jesus Christ, is Fake Steve good. That’s like a Mickey Mantle home run analogy right there.