On his new thefutureof.net site, Gerd Leonhard predicts these things for the future of the music business:

CD prices will drop to $ 5 (and less)

Mechanical Royalties and Performance Royalties will be integrated, and revenue sharing schemes will replace today's fee schedules

Record stores will no longer focus on selling music

(Traditional) Radio will become irrelevant

Music is going back to its roots by becoming a service (again), not a product

Music companies will be utilities

Performing right organizations (PROs) as we know them will vanish

The lifetime of copyright will be decreased to somewhere between 5 and 25 years

The global dominance of the 'Western Pop Music Monopoly' will come to an end

Niche markets become powerful microcosms and will eventually overtake the macro markets