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In Reply to: RE: Is listening to music even popular anymore? posted by xrayspex78 on October 27, 2014 at 20:45:58
After hitting all time high in the late 90s, the music revenue is down.
Indeed, I wonder why.
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Music revenue in real terms didn't peak in the mid 90's.
63 million in 1978 adjusted for inflation would be around 243 million dollars today, or 151 million dollars in 1996.
Music revenue has been spiraling downward for 35 years - Nothing new or semi new under the sun.
I was a vegetarian for 15 minutes, until the main course.......Meat; It's the right thing to do. Romans 14:2
until one realizes that it is per CAPITA, so that population has roughly doubled since then, so revenue is barely holding steady.
Still, so many people are NOW spending soo much time online, that they just don't have time to go out and purchase CDs nor listen to music much anymore.
The problem, if there is one, seems pervasive.
Music everywhere, yet nowhere!
S-t-r-e-a-m-i-n-g.
It appears the graph is limited to purchases . If you were to include subscriptions to the many music services, the graph would look different.
But what was the event that lead to such a steep decline prior.
I've seen a chart streaming is juuuust about surpassing the downloading a few years back.
It's been a gradual shift.
Unauthorized downloading started to become a factor in the late 1990s, and really exploded in 1999 with Napster.
And in addition to the subscription services that E-Stat mentioned, a lot of people stream music legally for free using YouTube, Last.fm, SoundCloud, etc.
Also, the economy peaked in the late 1990s and when people have more disposable income they're probably more likely to buy music.
It could also be associated with the decline of album oriented rock.
I certainly don't think the decline in sales indicates a declining interest in music.
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