Good points, but it looks like two separate issues are getting blurred here. Royalties and ownership of music content are governed by copyright law. Anti-trust laws are aimed at protecting the consumer, not the artist or the record label.
A long old article from a source usually considered addled.
If interested in this topic, take the time and enjoy her perspective.
Courtney Love does the math
The controversial singer takes on record label profits, Napster and “sucka VCs.”
“Record companies are terrified of anything that challenges their control of distribution. This is the business that insisted that CDs be sold in incredibly wasteful 6-by-12 inch long boxes just because no one thought you could change the bins in a record store.”
“Record companies stand between artists and their fans. We signed terrible deals with them because they controlled our access to the public.
But in a world of total connectivity, record companies lose that control. With unlimited bin space and intelligent search engines, fans will have no trouble finding the music they know they want. They have to know they want it, and that needs to be a marketing business that takes a fee.”
https://www.salon.com/2000/06/14/love_7/