Crowdfunding Replacing Labels?

Many articles have been written on the impact of crowdfunding on entertainment.  Has crowdfunding begun to replace labels in the Christian market?  Below is a partial list of artists who've gone this route in recent years:

Artists who have been on labels fairly recently, but are now cutting out the middleman with crowdfunding:
Thousand Foot Krutch (Kickstarter)
Jars of Clay (PledgeMusic)
Disciple (Kickstarter)
Manafest (PledgeMusic)
Fireflight (PledgeMusic)
Jimmy Needham (Kickstarter)
Audrey Assad (Kickstarter)
Abandon (Kickstarter)
Hawk Nelson (Kickstarter)
Mike Farris (Kickstarter)
Seabird (Kickstarter)
33Miles (Kickstarter)
Beckah Shae (Kickstarter)
Anthem Lights (Kickstarter)
The Monks (Kickstarter)
Gungor  (Kickstarter)
The Vespers (Kickstarter)


John Elefante (Kickstarter)
Steve Taylor (Kickstarter)
Guardian (Kickstarter)
Bryan Duncan (Kickstarter)
The Choir (Kickstarter)
John Schlitt (Kickstarter)
Out of the Grey (Kickstarter)
Crystal Lewis (Kickstarter)
Bloodgood (Kickstarter)
Michael Roe (Kickstarter)
Big Tent Revival (Kickstarter)
Pillar (Kickstarter)
Carman (Kickstarter)
Daniel Amos  (Kickstarter)
Christafari (Kickstarter)
OC Supertones (Kickstarter)
Natalie LaRue (Kickstarter)
Cherri Keaggy (Kickstarter)

Fresh off labels:
Warren Barfield  (Kickstarter)
Scott MacIntyre (Kickstarter)
Chris Sligh (Kickstarter)
Robbie Seay Band (Kickstarter)
Children 18:3 (Kickstarter)
The Sonflowerz (Kickstarter)
Benjamin Dunn (Kickstarter)
Samestate (Kickstarter)
Sevenglory (Kickstarter)
Tal & Acacia (Kickstarter)
Above the Golden State (Kickstarter)
After Edmund (Kickstarter)

Did we forget anyone?