Collaborative Media Curation: Big Impact On News, Music Labels?

Well, I had written recently about the need for people to work together so we could figure out ways to select and share news that was important, trustworthy, and needed to get persistent mind-share.

Maybe that applies to entertainment media as well. For example, a music label seems to exist to encourage content development, selection/curation, and delivery. Well, the Net makes delivery easy, and lots of musicians find it easy to do their music without help.

If we get music recommendations from friends or other peers, well, what value does a music label add? There's probably something. I can't say, I don't know the business.

I thought the tools for collaborative/crowdsourced filtering, which would include professionals, were a ways off.

At the NPR public media camp, (and here) coupla days ago, I found people were already building tools for working together in this way. For that matter, existing tools, like myspace.com or digg.com, already do a lot of that.

Will these tools mature enough next year to have a big effect?

Does this apply to all forms of entertainment media?