The greedheads have declared War and the battles have begun. I plan on boycotting all major label releases, and if there are bands that i like who are on those labels, i will try to contact the bands to tell them why i am boycotting them. I will buy used CDs as much as possible, but at all costs will try to avoid giving my money to the greedy exploitative corporations who own the music industry.
All artists who create music need to wake up and realize that the fat cats are just using them to line their (overseas) bank accounts, and that not only do they not care about music, they see musicians as merely naive, easy exploits. Artists need to stay in control of what they create. The Future of Music Coalition is one way that the music community is fighting the Industry, or more acurately trying to change the Industry for the better. Certain Artists are trying other ways.
The internet can make labels obsolete. Any band that wants to make a living playing music can find ways to market themselves to a huge potential audience online. When you sign to a label, you become financially endebted to them. Why not just try for a small business loan and do it yourself. It's long past time for another DIY revolution in music.