It used to be you had to spend $20 on just one CD. People would spend thousands on CD collections.
These days you can access so much for free, and what isn’t free you can get for $10/month or less. Music piracy was rampant in the late 90s and 2000s with MP3s, these days no one even bothers with that because it’s all free anyway.
How do they still make money?
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In streaming services, you pay for a subscription, and there are sometimes still ads. Those fees from you and the advertisers are used to help pay for the songs. You’re massively undervaluing the cost of an advertisement. While a companies aren’t paying millions for short spot like at the Super Bowl, they are paying a lot. And when it’s a dozen companies or more it makes up for the lack of the subscription or physical device.
Musicians often make a lot of their money from tours and merchandise.
If they can get their song in a movie, TV show, or even a commercial they can get a decent amount for it and/or royalties especially if it’s a very popular show/movie and was big budget to begin with. While they hate being called, “those Shrek guys,” I’m sure that they haven’t returned a check from it.
And radio still hasn’t died. People still listen to it while stuck in rush hour traffic. So they are still paying for it, and funding it from ads.
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