Wow!!! The cold hard facts can really destroy a young man's dreams. There was a song written one time called "Thank God for Unanswered Prayers" and I have some reflection on that title. Today, the music industry wants you to already have a large following based on your hard earned sweat. They want you to come to them already with a name that they can sell easily. They will take control of your life, require you to do what they want and take a big percentage of your earnings. If you can't or don't follow their dictates there's the next starry eyed performer waiting in the wings to take your place. Some people might remember you were famous once, but there's a new kid on the block now. It's all about the money they don't care about you and you're as only good as your last song. Meanwhile they've handcuffed all your creative works for a long time or forever. Maybe you could have done just as well on your own since you've built your own following, avoided all the stress and drama and the huge profits they took from your sweat and blood.
Doesn't sound like anything I'ld want to be involved in.