My feeling is that that's not true at all. Now, more than in the past 20 years probably, music is less controlled by tycoons because anyone can make a song and post it on myspace or cdbaby. There's more stuff to search through these days which makes it a lot harder to find good music, but it's still there. I don't know how popular independent labels were back in the 80s or 90s, but now labels like the whole Beggar's Banquet group, Sub Pop, Jagjaguwar, and tons of others seem to be giving the major labels a run for there money.
I don't think any type of music is really dead, it's just a lot of stuff has already been done so it gets a bit harder to do something new and unique. That's my take, anyway.
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