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In the past people spent more on music than they do today. Extracting more rent from consumers is definitely still an option on the table. [0] https://www.visu
by Invictus0 6y ago
In the past people spent more on music than they do today. Extracting more rent from consumers is definitely still an option on the table.
[0] https://www.visualcapitalist.com/music-industry-sales/ https://www.visualcapitalist.com/music-industry-sales/
- chrisseaton 6y agoBut I don't think music delivers the same value it used to. It's competing with other things. People compare to things like Netflix, and they have fatigue with how many services they need to pay for. It doesn't matter what they used to pay. And people are poorer now than they used to be! They're not going to pay more now.
- Invictus0 6y agoHousehold incomes are at an all time high, even after adjusting for inflation [0]. I disagree that music doesn't deliver the same that it used to: music is one of the great joys of being alive, as essential to mankind as food and water. The value of being able to instantly stream hundreds of millions of songs on demand is a significant service improvement compared to the CD days, where you had to go to a store to shop for music and could only discover new music based on the radio or a friend's recommendation. [0] https://www.pewsocialtrends.org/2020/01/09/trends-in-income-and-wealth-inequality/ https://www.pewsocialtrends.org/2020/01/09/trends-in-income-...
- chrisseaton 6y ago> as essential to mankind as food and water I think we all know this is nonsense. I've got a couple of friends who never listen to any music. I don't have any friends who never eat or drink.