BS. Dollar sales tell the story. Dollar sales have dropped in half since 2003 and CDs are still the single largest portion of music sales revenue.
Streaming Isn’t Saving the Music Industry After All, Data Shows…
The thievery of copyrighted music is massive.
That’s because the music industry is too dumb to adapt their business model to the new technologies. The revenues and profits are there if they want them.
Nobody downloads illegal MP3s anymore. Theft of music is not the problem here.
Massive even falls short. It is complete. That is all there is of music. Record companies now exist to try and land their talent Sprite commercials. Music is free. Musicians threw in the towel, it’s over!
Lower level acts have stopped touring because there isn’t enough big money acts to fund the production companies year round. No one to drive the bus, no one to run the sound, no one to run the lights. These people threw in the towel too. The kind of guys that ran sound for Motorhead for twenty years have all quit.
If you see music now, it’s a hobby and they are broke or its one of Rod Stewart’s kids.