One would think that with the success of iTunes and other online music sites they would get a clue. They don't even have to be innovative at this point. Just copy iTunes and slightly tweak their business model.
The new music is crap. Even the young people in my family admit it and they mostly listen to what they consider oldies from the 60s, 70s, 80s and 90s. There are a few newer artists/groups like Train, Grace Potter, Jason Mraz, Joss Stone etc. that are extremely talented, IMO, but they don't seem to be widely appreciated by the young people of today. Instead they idolize Gaga, Katy Perry, Miley Cyrus etc. who are more manufactured than anything else. It seems like today the artists that have real talent are the ones the record companies ignore when in the past it was those type of artists they flocked toward.