True.
Gettting record deals is no guarantee of big $$$...and many bands have gotten a "deal" and they never went anywhere or saw a dime.
AFA the DIY/Internet approach....yeah, it's great that you CAN do a lot yourself these days that use to require a record company...it's just that for awhile, lots of anti-record company people were preaching the great benefit$ we would $ee once the record companie$ di$intergrated.
Well...not too many people have seen these promised benefits...and all in all, the record companies still exist and control most of the biz.
Right. My point basically boils down to this: if you're gonna fail in music, and it's almost guaranteed that you will, you might as well do it on your own and without being under the thumb of a contract.