Far superior for who? For the record companies for sure - but not for the artist nor the fan. I spent more than 40 years feeding the greedy record companies while they in turn screwed me and the artist - cost me thousands, cost some artists millions. For the last couple years I've got all the FULL albums I want for $10 a month - and the artists have figured out how to make money from touring. The model works splendidly for me.
The way the industry works now artists make a living as long as they are willing to tour non-stop. When they take breaks to actually create product they are not generating any revenue so they slap it together as quickly as possible, making sure there are one or two singles that may get them airplay, and get back on the road. That why we see endless remixes of songs. They can just have a producer "create" something that keeps them relevant without the artist actually doing anything.
if they want to slow down and have a family they better be mega successful because otherwise they won't see their kids grow up.
The awesome product created by artists like Lou Reed and Tom Waits later in their careers when they had a steady income froom back catalogue sales will no longer exist. Instead the artist of today will be on some shifty tour bus on the way to their next show to pay their bills.
Artists past their prime can no longer depend on making money from their back catalogue because 99% of people are stealing it. The only way they can make money from their back catalogue is to sell it advertisers to toss into commercials.
So now a practise that was considered to be a money grabbing sellout two decades ago is now the only way artists can support their families.
This has regressed the art of rock music back decades.