@pdarg, You are a wise man. Thanks for your comments. I am discouraged about the current state of music, but another way to view it is that we have an enormous opportunity ahead of us. The world needs melody, lyrics, and feel—and those who can craft them.
I see a lot of movies with $100-300 MM of special effects, and almost no story. I also hear a lot of records that are impeccably produced—much better produced than what I can do—but someone forgot to write a song first.
@ampfixer, Good observation. Even though he doesn't own a a huge song catalog like Sir Paul, Ringo is still in the $200-300 MM range, so he is obviously out just having a good time and being loyal to his fans.