
Originally Posted by
Frogacuda
The music "industry" is having issues, but bands are making as much or more than ever, it's just divided between more people than ever before.
This is directly because of the death of mainstream radio. In the UK, the sales of albums have been fairly constant for the last 20 years and have even grown somewhat in the last 10. But in 1996, Clinton signed the Telecommunications Act and deregulated ownership of radio stations. Viacom, Clear Channel, and Time Warner bought up every station in the country, and let their marketing department try to pick their playlists, and they've been in a downward spiral ratings-wise ever since.
So now there's no mainstream. People just don't listen to the radio anymore, and a lot of them don't listen to new music at all. It's just a bunch of shitheads who are too stubborn to admit they were wrong to fire people who were good at picking hits in favor of fundamentally flawed "market research." People who do buy music listen to more obscure bands, and music is far more decentralized.
I'm not really sure that's a problem, by the way. I'm just saying it's their own fault and it's maddening that they'll never accept accountability for it.
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