Yeah.... My first thought was, "Too ambitious?! Try not nearly ambitious enough!"
The music industry is stagnant, and the record labels are increasingly being shunned by independent artists because they see the lack of value they add to the business proposition.
Many of the new rock/alternative music artists who get a "hit" song today only do so because they put their material out on sites like YouTube for free and an advertising agency came along and decided it would make a great song for a commercial. (Take, for example, the "Renegades" song by X-Ambassadors. It wasn't a major label that discovered them... it was Chrysler Jeep!)
The truth is, even if you go back in time 40-50 years, the record labels only had something to offer musicians because A) the musicians had no business savvy whatsoever and needed someone to guide them along, and B) they had the technical capabilities to record them and cut their recording onto vinyl to distribute.
Most of the time, the artists got taken advantage of -- even to the point of getting depressed and overdosing on drugs, trying to escape their existence. But to the recording industry - such things were just small setbacks. They could still profit on all the recordings after the artist died, regardless.
Now, I think the labels are mostly selling empty promises again. "Hey... if you partner with us, we'll get your material on the Internet, digitally streaming, so it's available in this great new format and delivery mechanism!" But yeah, not so much. People aren't blown away by how amazing something like "Apple Music" makes the listening experience. More often, they're just frustrated that it screwed up something about their digital music collection and its organization, or frustrated with bugs that interrupted their listening. And as per usual, artists are getting short-changed on the profits, earning only fractions of a cent each time someone listens to their track.
I don't know what the solution is, if one even exists? (Hey, if I did, I'd be off doing that, making a bunch of money!) But maybe an answer is re-thinking the entire business model? For example, what about people subscribing to their favorite artists? Instead of the idea of buying albums or tracks or paying monthly fees to listen to "anything you want that we happen to have available" -- maybe you'd pay an annual fee to each artist you personally liked best, and that entitled you to attend any and all concerts they performed that year AND unlimited access to their recorded works?
Then, the "recording industry" would be transformed into more of a service industry for musicians -- kind of like web hosting services are for web developers today. An artist would say, "Well hey, I've got all these fans who are paying my asking price to subscribe to all my work. I need someone to host my content to stream it out to these listeners." So the labels would compete for their business offering that via the music delivery services online.
Quite frankly, good. The record labels are outdated and need to be shaken up. They take so much from the artist for the up front capital to help them record their next album. Let the artists make the business decisions that directly affect their bottom line if thats the road they want to take. It shouldn't be a requirement to sign a label to make it in the music industry.