The blogger, whoever he is, is stating the obvious, except it's not really the death of radio, it's the decline and redefinition of the music industry, with radio included. Everything is being redefined. When streaming became the dominant form of music consumption, the music industry and radio industry both had to adapt. Both have seen drops in revenues over the past 15-20 years. But then, the musicians, who create the content, have also seen relative drops in revenues. Every element of the entertainment industry is adapting, redefining, and changing their business model. They have to. The internet is increasingly dominant as a delivery platform, and the competition is infinite, at least in theory.
This Oliver Anthony guy made a pile of money off his single. 33 million plays on YT? Maybe he made $130K or so off that platform, off those 33M plays. Great. Staind made over $100 million in one year, off just one album. That isn't including their CD single sales that year.
I don't think we're seeing the "death of radio", and this song is no more an indicator of it than hip-hop artist Gunna taking over 12% of the entire hot 100 chart in one week (six months ago) before disappearing back into the internet somewhere. Radio is still radio. It's just going more and more online. The instant success of "Rich Men" is sort of like Gunna -- indicators of the new business model in music consumption new artists spike and then fade. Some stick around a while.
Maybe Oliver Anthony will gain a bigger career off this song's success. Maybe he won't. I guess we'll find out.
Working backwards through your points...
Maybe he will, but it would have to be more than just the one song. It's not impossible to make a career out of being popular on YouTube. I'm into cars, and one of the car review channels I've watched for awhile has just shy of 5 million subscribers, started an online car auction site, and it led to an investment group making a $37 million dollar deal with him for a chunk of his business. Can Anthony parlay this into something bigger? Maybe he can combine releasing songs with a regular commentary? If he can get those subscriber numbers up, get people to support him through something like Patreon, and get some sponsors, maybe he doesn't need a label or radio at all.
When it comes to the "death of radio," I can kinda get where the blogger is coming from. From where I sit (outside of the business for a few years now), I'd say it is definitely declining, but I'm not sold on the idea that it's adapting very well to the new reality. Yes, radio is still radio, and simply moving the same station online isn't adaptation. It's anecdotal evidence, but (and I keep bringing this up), the young people I work with at the tech bro company don't listen to the radio...online or otherwise. More on that in a moment...
Staind? Yes, as Aaron Lewis himself has said many times, that song (and album) made a "sh*t-ton of money," but that was over 2 decades ago. That era is gone forever.
Maybe Oliver Anthony only made $130k off that one song. But he got 100 percent of the pittance that YouTube pays for "spins." If he signed with a major label, he'd make even less, because they'd take their cut. Musicians are figuring out that you don't need to follow the traditional route to be successful.
Some of those kids I work with are stoked to see Polyphia in concert when they come to town in a couple months. The band is about as far as you can get from Oliver Anthony. While they haven't had one song with 55 million views, they have one with 30 million, another with 20, and according to a quick Google search are sitting at around 400 million total views. They have endorsement deals with a variety of companies, sell out all their shows, and are by all accounts doing very well for themselves. They're signed to a small independent label and peaked on the US album chart at 33. Needless to say they have little or no radio airplay.
As a YouTuber I watch on the regular says, "it's just a thought. Y'all have a good day."