This is one of the saddest parts of the change story. The music industry is dying a slow death. Not just because of illegal downloading. It's the lack of innovative new music being given a chance to get to the people who would like to hear it. Greed and corruption is the problem. The record labels and the radio conglomerates are simply self-destructing. Over 40% of the music purchased today is "catalog items," meaning traditional music that the public is familiar with. Older established artists. This is also true on the live concert circuit.
How is that "music dying"? Music will still be around, even if the "music industry" dies off. There was music before the "music industry" came along and music will survive whatever happens to the industry.
8. The "Things" That You Own
Many of the very possessions that we used to own are still in our lives, but we may not actually own them in the future. They may simply reside in "the cloud." Today your computer has a hard drive and you store your pictures, music, movies, and documents. Your software is on a CD or DVD, and you can always re-install it if need be. But all of that is changing.
That goes for books and art and audio and video recordings, but all the pants and sweaters and dresses and wrenches and lamps and tchotchkes that people have cluttering their houses aren't going to be migrating to "the cloud" any time soon.
New music is dying. Seriously, how do you improve on what has already been recorded?
There was a lot of great music made in the 70s that was unknown then, that is being discovered now by new generations.