Indeed the situation is not the best. Mostly, with the digital world, all the licence fees are now calculated per view. The number of views you need to reach to get some revenue is totally insane, but they see this as a one-on-one communication, as opposed to mass communication like radio and audiences at concerts and so on.
If the licence fees we get from those services are not adjusted to somewhat reflect what CDs used to be in the physical world, we'll never get there anyway. You said there was no live entertainment anymore. There still is, but people think that music is free. In a restaurant or a bar, they will pay for their food and beer, but when it comes to musicians, they say they're promoting them, so they shouldn't be paid for this. You just get the door and stuff like that. It's often the philosophy of free music.