CEO of Enron? For a live artist it means you have to become the best in your genre.
Labels generally take a higher percentage of that pie than publishers, as is the case with physical and digital sales. Millennials already spend a higher absolute amount of money on music which is mainly attributable to live music and paid streaming.
In some countries, there are tribunals, arbitration bodies, not as powerful, that set the rates. What about streaming services specifically?
This means that just From record labels and music producers to the recording artists themselves, everyone involved in the industry has been forced to adapt their approach to music making and how money can be made.