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I clicked the button. It's literally within a few percent of where it was 30 years ago, adjusted for inflation. I call that broadly in line. Yes, it was much bi
by morsch 3y ago
I clicked the button. It's literally within a few percent of where it was 30 years ago, adjusted for inflation. I call that broadly in line. Yes, it was much bigger in 2000, and much smaller in 2010, also bigger in 1978 and smaller in 1982.
It was never that big, in absolute economic terms. I remember Slashdot was joking 20 years ago that one of the tech companies should just buy all of it to make the RIAA shut up. I guess it's unsurprising that organized culture has an outsized reach.
- gizajob 3y agoIt looks about 40% lower, not a few percent. I’m not denying that the recorded music industry has been totally overcome, and in some senses they’re lucky to have anything at all from Spotify, but almost everyone in society wants recorded music and the revenue side of it is dying, indeed, almost completely killed except for those at the very top of the pyramid. This hasn’t happened in the same way in other intellectual industries. It is how it is, but it’s a shame that something we all want has to be expensively done and then given away basically for free.
- cdelsolar 3y agoI mean this is what live music is for. Concerts have always been the best way to make money.
- sotix 3y agoThe Beatles didn’t seem to think so.
- AniseAbyss 3y agoIn the history of music performing is how artists made money. The studio album age of the 60s and 70s are the exception not the rule.
- strunz 3y agoAh yes, let's use the most successful band of all time as the example not the exception
- sotix 3y agoThey did say always! I’m pointing out it’s not quite always.
- smugma 3y ago40% lower from the peak, which led to an even larger decline with the birth of Napster. Ignoring 1994-2000, revenue is roughly inline with where it’s been the last 30 years. And music companies (labels and publishers) are seeing record profits.
- kjkjadksj 3y agoI can go to my basement, lay down a track on a free daw that comes with my audio interface with an arbitrary number of tracks if I so please, then take that material and distribute it around the world on the internet. This is like an unprecedented golden age for the amateur musician. You can now record and distribute on your own and make some money off of it too. Music was never this easy to make, record, and distribute as it is today.