Patrick Faucher, CEO of Nimbit, addresses music industry issues in his C|net perspectives commentary entitled "Where did the music industry go wrong?". An excerpt from the article:

The industry has become decentralized. Major labels no longer have the market muscle or control over the distribution channels as they once did. Technology and consumer choice have caused a shift from the traditional music business model of major labels throwing copious amounts of money behind a few big hits to that of a vast collection of individual artists creating pockets of more moderate success among passionate fan bases.

The complete article can be read here. Nimbit, a Stage 1 Ventures portfolio company, is changing the face of the music industry by providing state-of-the-art management solutions to the independent music industry.