Labels must go too. Artists legitimately needed them when distribution required physically producing and distributing media to stores. With the advent of the internet, this is no longer required, so these middlemen serve no practical purpose any more. They're an unfortunate holdover.
Small labels are nothing like the big ones, just like small software shop is nothing like Google. We need laws that will require companies to split once they reach certain thresholds otherwise this is just getting nasty. At certain point companies get unfair competitive advantage and they have so much money they literally can buy laws to make sure any competition is kept at bay.