this post was submitted on 11 Dec 2024
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No Stupid Questions
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Yeah the '90s was the big heyday for the music industry when they used to charge us $25 (in 1990s dollars, $48 today) for a CD with 2 good songs and a bunch of filler. That ended quickly as, like you said, Napster and the like came on scene. Then we got the iPod and iTunes and a slew of 'ringtone companies' where you could buy songs individually for a dollar or two until streaming took off.
They've never recovered to the level they were at back then because there are just too many options now and they don't control them all.
https://www.visualcapitalist.com/music-industry-revenues-by-format/
Nothing has been as big as CDs but total revenue has been growing since 2015.
What do the scales below and above the timeline represent? There's no explanation of the data displayed.
Wow, that stretch from 2010 - 2015 must’ve been brutal before streaming popped off.