Interesting, I watched the whole thing lol
Down with those crooks and opportunists!
In all fairness, if you're in a group that is extremely popular, I can see the possible need for the "middle man" to sell, promote, and create your music and products, but that is up to the band as they start out. So be careful and talk to lawyers before you sign managers, and record deals!
Todays internet makes it much easier to advertise and promote yourselves, so people should take advantage of it. Bands in the old days had no choice.
It seriously all starts out with a promise from some dude that says "I'm gonna make you a star"!
I personally hate these reality shows, where people are handpicked from who knows what to become glorified on TV. It's all so controlled by people who are choosing what YOU ARE going to like in the future.