I don't think it's a coincidence that the decline happened totally in parallel to the emergence of the big 4 labels.
In the 60s & 70s it was more of a level playing field. There were no such thing as indie labels because there was no monopoly to be independent from. There were literally hundreds of labels looking to have hit singles & albums. As time went on monopolies were formed labels got bigger & started buying out smaller ones , taking over radio playlists with MTV speeding up the process until we get to how things are now with 4 huge companies dominating virtually everything & loads of small labels who can't even get a sniff in.
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Urb's RYM Stuff
Most people sell their soul to the devil, but the devil sells his soul to Nick Cave.
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