It would be interesting to show the market capitalisation of all major record labels vs Apple over the last 25 years. File sharing was given a massive leg up at

It would be interesting to show the market capitalisation of all major record labels vs Apple over the last 25 years. File sharing was given a massive leg up at the expense of recorded music and looking back it was really the underground and independent labels that have perished. When it comes to competing for attention music has a lot more to compete with now than it did then. If I had to predict I can't see a significant cultural change happening like in the 20th century unless new musical instruments are invented