This is the next big thing in music, we have had sound cloud where you can upload music. So whats next? Eusic will be a website that artists and venues can sign up for a profile, they will be able to upload videos of gigs and demos etc. The venues will have the chance to buy the artists over the internet to play at their bar or club. This will cut out hoping from word of mouth that the band the playing is actually any good, not to mention the fact less petrol will be wasted as there is no need for scouting! For artists that are in higher demand, there will be a bidding system in place so venues can battle it out for them. Kind of like an eBay for artists and venues. The Website will take a fee during the buying process i.e 10% of the price of the artist.
Room for Record labels to? yes
There will be a page called quick start for bands that cant afford to go to the studio (90% of bands) and they will be able to sell off for example 10% and raise money through share prices so to speak.