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
the library gives away books for free, yet people still buy books
– not everyone pirates music
– streaming does produce revenue – $5.9B in the first half of 2021
– so does licensing for movies, tv, commercials
– record companies are notorious for contracts that pay the artists nothing, that hasn’t changed
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