Music in Review: Five Myths About the End of the Record Industry
Was there a more important music story this decade than the dramatic changes to the recording business? Every rule was broken, from the ways companies distribute music to how we listen to it—or so it would seem. Writing in our Music in Review issue, Brent Burton details five myths about the end of the music industry. He writes:
Though the past decade has offered no hint that the record business can, or will, ever revisit its boom-time high—achieved, in part, by the conversion from vinyl to CD—the industry is still responsible for some rather large figures. In 2008, a year in which digital album sales were up 32 percent, consumers bought more than 400 million albums, a tally that does not include digital singles or ringtones. That’s lower than in 2000, to be sure, but those CD sales still brought in about $6.5 billion.
Read his entire list here.