From a profit perspective? They no longer have the physical mediums to sell to people... they aren't selling records, CDs, or casette tapes anymore...
In a sense, live concerts are great, but yeah napster really turned everything upside down.
Now the cable tv and internet video wave is coming up on everybody. I think we are going to see something very interesting happen is computers continue to get faster... I mean in a few years, people will probably be able to host what youtube was capable of back on 2006, right? Only for much cheaper... guess it depends on the advertisers, who decides to watch the advertisements, and whatever other delivery formats decide to pop up...
Then you've got competition websites that put people into contests to compete for work... that kills designers...
Then you've websites setting a base price for services, at 5$ on everything. That's crazy oppressive.
However, in some instances technology is enabling artists to be more flexible with what they offer, and sometimes people fund their projects or support them generously through donations without expecting a physical product in return. Right?
So it is not all bad, it more along the lines of massive changes ahead... and some really unfortunate changes have already hit people reasonably hard... but mostly rich artists I guess, so maybe some up and coming artists made it big that way, but I sort of doubt it. Charlie Bit My finger is the biggest internet success yet, right? What artist compares...
As for enabling artists, yeah, technology obviously shines in this regard, but in a sense, if you ask me, it's lead to an era of technology worship and an underappreciation for life and the arts in general... only my opinions...