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Some even have clubs online where you pay a fee to get in much like a cover at a bar and you get to hear the music of all the bands that are playing at that club that night. Understandably, this scares major record companies and has them all worried that in a few years they will be looking for new jobs...
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What would a world void of record companies be like? Artists would be their own promoters and distributors. This would have good and bad effects on the economy. First, retailers would probably either be forced out of business or coerced to succumb to the new craze, selling Mp3 software and recordable compact disc media...
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