I think you are avoiding the issue. First of all DRM is a whole lot more than record companies. It is potentially all broadcasting - radio, television, movies, music, newspaper - all publishing, books, magazines, etc, all software. DRM is digital copyright protection. It goes beyond even that though. You can use it to protect emails or letters that you send, project specs you write up.
As for who receives what royalites in the record business, that really has nothing at all to do with DRM. I don't see that the public is being overcharged for anything. Overcharge is a very interesting word that gets used far too often, I think. Personally, I don't pirate music, have at least 100 CD's, and paid on average less than $8 for them. I've done music clubs, purchased during sales or with promotions, and purchased a lot of stuff direct from Sony. I don't think I've been overcharged for my music.
I think people that say things about protecting the artists and avoiding the middle man, don't really care too much about the artists. I think they care about cheap music. There are artists who care about pirating (Metallica and Dr. Dre come to mind). Artists are free to do whatever they want with themselves and their music. There isn't a single artist that I've heard about who didn't say something like, my/our career didn't go anywhere until [insert a label] found us and gave us a record deal. The record labels make the artists. When the artist gets big, many go off on their own. It's their choice. Personally, I don't really care about who is getting my money - the record company, the record store, the web site, the artist, etc. as long as I get the music I want legally.
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