[nemothekid]

I'd argue its different because the music industry only really every had one lever - marketing and distribution, and the internet made the former really cheap and destroyed the latter. Taylor Swift's label is technically an indie label, and I'm willing to bet the budget and people employed in the production of her latest album is a tiny fraction of what Michael Bay employed in his latest Transformers flick.

Due to the huge budgets and returns movies still have, studios are a lot closer to venture capital firms than distributors. If it ever contracts it would likely be in the form of making less content and making safer bets rather than paying everyone less.