Recording Industry Dying as we know it

I'm a web nerd, so I first saw the story that Nine Inch Nails is cutting loose from any recording company on Techcrunch. This of course comes on the heels of Radiohead bypassing their recording company contract and releasing their newest work In Rainbows direct to consumers for a price chosen by the consumer. With digital music distribution spreading like wildfire, record companies simply add no value whatsoever. Artists can cut deals with AmazonUnboxed or Itunes or any number of services that I'm sure will be popping up to distribute their music. This doesn't even even consider direct distribution through an artist's own website, or Myspace. Now, if only Amazon Unboxed was offered to those outside the US (good thing I have a US credit card and some good web proxies!).

So RIAA go ahead fritter away cash by ridiculous lawsuits. In a few years (hopefully) you won't exist anymore.