Why would crypto be involved? You are using the blockchain and smart contracts. The token aspect does not need to be included or can be abstracted away into internal reserve where tokens == $1. Artists paid in $ or w/e fiat currency.

The idea is to encapsulate the current contracts into smart contracts to downsize legal overhead.

Also, not sure why it HAS to be decentralized.

Look at IBMs implementation of HomeDepot’s inventory tracking. There is no decentralization (in a general sense), no tokens. They created a system that was easy to onboard vendors, vendors can process orders, and Home Depot can verify them with a lot less paper work and a trail.

Smart Contracts will not look how the space looks now and the ethos of crypto won’t survive most real-world use cases but some technologies will be adapted, if they fit well.