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But they also lead to a substantial decrease in music revenue, as the chart shows.

jacquesm 3y ago
What you think the chart shows. Commercial music had it's zenith and it declined. Just like everything else it didn't grow for ever and just like everything else there are reasons why you don't want to yank the chain of your consumers and your producers too much. The fact that the two correlate timewise does not mean the one cause the other. In fact I think that the music industry missed an absolutely huge opportunity. By the time I had digitized my whole collection they had royally missed the boat, whereas if I didn't have to go through all that who knows how much money I would have spent on new music by now. I used to spend a lot of money on music, now I spend none and not a dime of that difference was due to piracy. I have friends in the music industry and got invited to a meeting of BUMA/STEMRA regarding the potential of streaming and it was like watching dinosaurs discussing the price of swampland while in the background you could see a comet heading straight for the planet. I don't think I've ever seen such a disconnect between producers and consumers. Product market fit is not just good for new companies, it is also good for existing ones. Fail at that and you will fail.
AtlasBarfed 3y ago
That juncture was a very distinct divide in pop music. The peak is likely around the peak of disco (Staying Alive: 1977). The post-peak of disco was kind of barren until the 1980s / MTV scene starting things going again. I think the collapse is due to the death of vinyl, which was probably associated with disco and older dying styles. CDs could always be recorded to cassettes. It was just an audio stream you could feed to the cassette player. So pirates and swappers wouldn't have cared that much. And the sales peak of cassettes is during the late 1980s. So that was well after the collapse of sales.
kzrdude 3y ago
How do you see that in the chart?

What you think the chart shows. Commercial music had it's zenith and it declined. Just like everything else it didn't grow for ever and just like everything else there are reasons why you don't want to yank the chain of your consumers and your producers too much. The fact that the two correlate timewise does not mean the one cause the other. In fact I think that the music industry missed an absolutely huge opportunity. By the time I had digitized my whole collection they had royally missed the boat, whereas if I didn't have to go through all that who knows how much money I would have spent on new music by now. I used to spend a lot of money on music, now I spend none and not a dime of that difference was due to piracy. I have friends in the music industry and got invited to a meeting of BUMA/STEMRA regarding the potential of streaming and it was like watching dinosaurs discussing the price of swampland while in the background you could see a comet heading straight for the planet. I don't think I've ever seen such a disconnect between producers and consumers. Product market fit is not just good for new companies, it is also good for existing ones. Fail at that and you will fail.

AtlasBarfed 3y ago

That juncture was a very distinct divide in pop music. The peak is likely around the peak of disco (Staying Alive: 1977). The post-peak of disco was kind of barren until the 1980s / MTV scene starting things going again. I think the collapse is due to the death of vinyl, which was probably associated with disco and older dying styles. CDs could always be recorded to cassettes. It was just an audio stream you could feed to the cassette player. So pirates and swappers wouldn't have cared that much. And the sales peak of cassettes is during the late 1980s. So that was well after the collapse of sales.

kzrdude 3y ago

How do you see that in the chart?