There's been much talk in recent years about the declining influence of the major record labels. After all, there's now just three of them: Universal, Sony and Warner. It's all about indies, right? Plus YouTube and Facebook and all the streaming music services we can choose from.
Well, yes and no. While it's true that someone like Macklemore & Ryan Lewis can reach the top of the Billboard album chart as an indie (Mostly. Well, sort of.) and Psy couldn't have been Psy without YouTube, there's still a big role for the major labels to play.
PandoDaily has a good look what what that role is today. It's different than in the old days, but the bottom line is that there's still a big place in the music ecosystem for the majors.