The Music Industry Inside and Out by David Byrne
This has got to be, hands down, the best analysis of the past, present and future of the recording industry written by someone who has lived it.
David Byrne breaks it down with much detail. Great explanation of what he describes as the 6 models available to current artists for selling and promoting their music, ranging from completely hands-off to completely hands-on. Pros/Cons of each, amazingly simple charts to look at describing where the money goes from a CD sale; and why even though iTunes is great for consumers, it still isn’t so great for artists. In fact they can make less on an iTunes purchase than a CD sale.
I highly recommend reading this article!