CD Compilation

Last year at college (for now)
I'm now looking into creating an indie record label for the purposes of my final year project.
So far, I've proposed asking a bunch of punk/hardcore/metal bands to give me permission to use a track each for the CD. I want to know is there still a future for conventional CD releases. I'm pretty sure the current Record Industry model is dead, but the corpse doesn't know it yet.
Hopefully, bands in future can make a decent living out of touring and playing without signing away all those merchandising rights to record companies, and the physical release of an album can be used as a marketing tool and sold at gigs- which can be completely self financed for little cost.
Music albums were/are always overpriced anyway. At least if bands are in charge of their own releases, they can determine how many they need to publish, how much they spend on it etc., without the added pressure of having to sell platinum hanging over their heads. Cut out the middle men.
The list of bands and people destroyed by record company promises and lies is far longer than the successes, but yet people still believe that the million dollar advance is the Holy Grail.
If you do, you kinda deserve what you get.