I don’t understand why this question gets asked. The answer is simple afaic:

a) release music on the net for free; no subscriptions and no ads. Free.

b) musicians receive income from their concerts where what’s being sold is an Experience. Prices will rise and concerts will be for the privileged. That’s the price for Free content (because almost nothing is ever *truly* “free”).

c) labels effectively go away and what’s left are aggregation and recommendation sites that leverage the time it takes to parse through all the material into ad revenue.

d) for some musicians, they can pull a Moby and license their music for other commercial interests.

And this can all happen now.

The mistake imo, is that people downloading music via P2P are actually helping to keep the labels alive. So long as the product to which they have control garners attention, they have leverage. Taking the content without remuneration is a selfish act that only prolongs the situation and potentially impacts the entire music scene in the worst way. The key imo to expediting the shift is to ignore the labels and their product. Some labels will transition (perhaps into aggregation/recommendation systems), some will morph into other services and some will fold.