This isn't inflation adjusted as far as I can see. Even if it were, the revenue now should be much higher than in 1999, given that the world economy grew a lot

This isn't inflation adjusted as far as I can see. Even if it were, the revenue now should be much higher than in 1999, given that the world economy grew a lot since then. Here is an actual inflation adjusted chart, which looks pretty damning: https://www.digitalmusicnews.com/wp-content/uploads/2021/06/US-recorded-music-revs-1999-v-2020.png https://www.digitalmusicnews.com/wp-content/uploads/2021/06/...