One can imagine that 20 years ago, any garage band could have any name it wanted or no name at all. The only reason a band really needed a name was if they were going to gig or record or tour. Let’s say 10 percent of those bands ever left the garage. Today all those bands are on Bandcamp, and they can’t be on Bandcamp without a name. These sites, including Myspace, which has 14 million acts, have inflated the demand for band names.
Or maybe not:
[W]hile the internet aids the perception that band names are harder to come by (they’re also changing, says Chris Johnson, who’s noted fewer one-word band names than multi-word ones), it’s not because English is running out of words. There are still vast numbers of words that can be stuck together, as well as a number of patterns or templates, some of which haven’t been become institutionalized as genre cues yet, that can be used to expand the permutational choices. Surely your one-word choice (Blue) will be taken, so modify it (Big Blue, Super Blue, Pink Blue, Really Blue, the Blue) or build a phrase (Big Blue Fly, Big Blue Road, Big Blue Popsicle, Big Blue Big). From a little bit of recursion, you could name a million bands and still bequeath a list of a million more to your rock-and-roll grandchildren (though those names will probably be longer).
All that Blue stuff got me thinking about this song: