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?
In: 15
They now have very few distribution overheads (operating Spotify etc is incredibly cheap compared to having to make cds, distribute them, have stores etc).
And heaps of people have a subscription to a music streaming service.
On a personal note, I basically never bought a music cd ever (grew up in the 90s), but I have had some sort of music streaming subscription for quite a while and will continue to do so, as the mild annoyance of the freemium model is worth the small expense.
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