What Killed the Music Industry???

tocedaw

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Define dead, so I can make sure I accurately explain why youre all wrong. :coffee:

What are we talkin here? Quality? Sales? Diversity amongst artists? Time on top? Innovation?
 

8.TRES

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The thought the music industry is booming right now


Maybe not in terms of music quality but the cost of putting music out is extremely low & the profitability is extremely high.

Its the best time to step in the game or pick up some artists

this, a lot of people get quality of music confused with the success of the music industry

if anything quality of music is lower now than before because the barrier for entry is so much lower with the internet being what it is now, artists and their sounds dont have to be carefully crafted to perfection and anybody can record anything and have it potentially blow up

all of this stuff is making money, the industry is more profitable than ever in all honesty
 

Wear My Dawg's Hat

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CDs killed the music business.

They provided a false sense of profitability to the industry during the late 80s
and 1990s.

Exploding revenue during that period was heavily based on fans
re-purchasing their favorite Beatles, Rolling Stones, Pink Floyd and Led Zeppelin
albums in a new, clear-sounding digital format.

CDs were overpriced. Vinyl albums that sold for $7.98 in 1983 were $15.98 as CDs in 1993.

The CDs provided digitization of everyone's music, making it easy to upload song files for free to
emerging technologies in the late 90s like Napster. That killed the traditional consumer music purchasing
process of a buyer paying cash money at stores for their favorite music. Radio stations played what was selling at stores. Concert and club promoters booked artists who were selling at stores and playing heavily on the radio.
 

Wear My Dawg's Hat

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The late 1990s were the peak of global recorded sales revenue, nearing $30 billion dollars right before Napster in 1999. As of this year, global revenue is near $13 billion dollars.

"In 2017 revenues from recorded music in the United States increased 16.5% at estimated retail value to $8.7 billion, continuing the growth from the previous year. At wholesale, revenues grew 12.6% to $5.9 billion. Similar to 2016, these increases came primarily from growth in paid music subscriptions to services like Spotify, Amazon, Tidal, AppleMusic, Pandora and others, which grew by more than 50%. This is the first time since 1999 that U.S. music revenues grew materially for two years in a row. At $8.7 billion, the industry has taken a decade to return to the same overall revenue level as 2008, and is still 40% below peak levels as the growth from streaming has been offset by continued declines in revenues from both physical and digital unit based sales."

RIAA Releases 2017 Year-End Music Industry Revenue Report - RIAA


1448591438581.png
 

Booker T Garvey

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No, the music industry's attempts to thwart Napster and their refusal to embrace new technology was their downfall

eh....sean parker was gonna roll out Napster no matter what, he was never really interested in cutting a deal w/the music business and i'm sure the feeling was mutual

what i'm talking about is this here - it's from the book THE SONG MACHINE:

In 2000, Hilary Rosen the head of the RIAA sat all the top music executives down in a hotel to show then Napster.
She then set up a computer, asked some of them "what's your latest single?"
every song these label heads named, popped up in Napster - it was the first time they'd ever seen or heard of it.

One of the execs specifically asked for BYE BYE BYE by nsync it was only out for a few weeks,
the CD wasn't even out and it was on there

here's the link to the book - click it and type "Hilary Rosen" in the search on the far left side of the page :hubie:

The Song Machine: Inside the Hit Factory
 
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Booker T Garvey

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The late 1990s were the peak of global recorded sales revenue, nearing $30 billion dollars right before Napster in 1999. As of this year, global revenue is near $13 billion dollars.

"In 2017 revenues from recorded music in the United States increased 16.5% at estimated retail value to $8.7 billion, continuing the growth from the previous year. At wholesale, revenues grew 12.6% to $5.9 billion. Similar to 2016, these increases came primarily from growth in paid music subscriptions to services like Spotify, Amazon, Tidal, AppleMusic, Pandora and others, which grew by more than 50%. This is the first time since 1999 that U.S. music revenues grew materially for two years in a row. At $8.7 billion, the industry has taken a decade to return to the same overall revenue level as 2008, and is still 40% below peak levels as the growth from streaming has been offset by continued declines in revenues from both physical and digital unit based sales."

RIAA Releases 2017 Year-End Music Industry Revenue Report - RIAA


1448591438581.png

call me crazy, but I don't believe their streaming numbers...I think they're all doing what TIDAL was caught doing

all of us that have streaming service accounts, they use our accounts and shadow stream certain artists songs to boost their sales and revenue

I also believe they'll be caught...the industry put all of their eggs in the streaming basket, and when that fails, there will be literally nothing else

there will always be concerts though :francis:
 

Brolic Scholar

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At the peak of the music game, the music companies and their parent corporations had people fooled into thinking it costs more to produce CDs. It didn’t. It was cheaper than making a cassette... BUT, the cost of a CD was damn near $20. This is when going gold or platinum wasn’t as difficult as it is now.

Imagine how much record companies were making off of platinum artists. They made so much money that artists got to keep their show money. At this point in time, what can record companies sell? Subscription money ain’t shyt. Money from commercials on streaming services isn’t fukking with physical copy sales either.

Record companies got greedy and priced listeners out and listeners, in turn, started downloading music and burning CDs. Once the iPod arrived, it was a wrap.
 
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