In t'olden days
A publisher manufactured music printed on paper. A record company manufactured music printed on plastic discs. In the glorious golden future, music is a spectrum of digital delivery formats from notes in a PDF, through midi files, to audio and video files. The distinction between publisher and record company is no longer relevant. So where does that leave the weird hybrid entities that have evolved to collect royalties and enforce rights? Perhaps it's time for musicians dissatisfied with the status quo to form a new association that belongs in the 21st century?