big budget cuts for the music industry

was reading this article on how the record industry is going to take a beating with budget cuts from the major labels, due to illegal downloading etc, which will result in less signing, less money to spend on acts and production, unless your into making really safe mainstream pop.

here's the link:
http://www.allbusiness.com/retail-trade ... 276-1.html

rickroc does work for the big acts, would love to hear your view on this topic if you read this, or anyone else getting big names work