Comment on Why does the Music Industry allow Spotify/Apple to profit off of them?
macattack@lemmy.world 1 week ago
IIRC, the music industry was in decline long before Spotify was made. The transition period before Spotify was just illegally downloading everything through Limewire/Kazaa/Napster etc.
Also, the reason podcasts make money is because they can produce something that brings audiences in on a weekly basis. The music industry OTOH has artists that make an album a year or less. It’s not as sustainable and it’s harder to sell ads against.
I don’t think more segmentation is a wanted solution by consumers either. Consumers would much rather use one app for all platforms than have to buy a different streaming service every time they want to listen to a new album.
ShepherdPie@midwest.social 1 week ago
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.
Kelly@lemmy.world 1 week ago
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Nothing has been as big as CDs but total revenue has been growing since 2015.
TheProtagonist@lemmy.world 1 week ago
What does the scales below and above the timeline represent? There’s no explanation of the data displayed.
ShepherdPie@midwest.social 1 week ago
The total height represents sales of each format in relation to the others. The timeline isn’t the zero line like you might be thinking. $0 would be the bottom of the graph at any given time.
BadmanDan@lemmy.world 1 week ago
Wow, that stretch from 2010 - 2015 must’ve been brutal before streaming popped off.