According to this article, there is not an economic deficit in the music industry as many have believed, but rather an issue in terms of justness and fairness. It seems like the famous are only getting more famous as we see how the 10 best-selling songs command 82% more of the market than they did a decade ago. As of this last decade with all the new technologies such as Spotify, Youtube, Shazam and Wikipedia which we are all oh-so-grateful for, in addition to being able to see what viewers like and listen to the most, they are also able to find out where they listen to it, how, and on which platform. Furthermore, computer programs can apparently now guess best-sellers. Yep, I said it. The "HitPredictor" which was founded in 2002 correctly guessed 48 out of 50 of 2013's hits.
"There isn't a crisis of money in the industry — there's a crisis of equity."
"With numbers indicating what audiences want next based on what they already like, the business opportunities are near-boundless and risk-free. And the music is boring as a result."
So basically what I gathered from this article was that the pop music industry is focusing on finding "new talent" that sounds like the already-existing. In other words, they are not looking for that "different yet good" kind of music that most of us listeners seem to believe they are searching for, they are literally looking for artists that sound like another already-successful one. For example, I think it is safe to say that the fairly new boy band 5 Seconds Of Summer (5SOS) sounds a lot like this other relatively known boy band that goes by the name of One Direction.... Haha. Now, with the many resources such as the "HitPredictor", the "big three" labels- Warner, Universal, and Sony, are basically able to take out all of the originality out of music as they choose to continuously "discover" the same kind of musicians/artists and with the contribution of radio stations as they play the same songs over and over.
Source:
Why the Pop Music Industry Is Built To Discourage Good Music
Citation:
Pollock, Matt. "Why the Pop Music Industry Is Built to Discourage Good Music." Mic. N.p., 24 Nov. 2014. Web. 26 Feb. 2015.