Comment Music Industry Exists because of Technology (Score 1) 158
The current model for the music industry based on recorded media exists literally because of technology. Before recorded music, music artists did not make much money at all without a wealthy patron and today they make massive amounts of money (literally becoming wealthy patrons).
The industry itself needs to realize that the era of printed media recordings (LPs, tape, CDs) is over and those record profits will never happen again. The era of digital purchases was also brief and now we're moving into the era of streaming music.
Each time, consumers have followed the trend into the method that gives them the most for their money and there is absolutely nothing wrong with that. The industry as a whole needs to adapt, again, and stop bitching about the fact consumers don't want to pay tons of money for music.
The industry itself needs to realize that the era of printed media recordings (LPs, tape, CDs) is over and those record profits will never happen again. The era of digital purchases was also brief and now we're moving into the era of streaming music.
Each time, consumers have followed the trend into the method that gives them the most for their money and there is absolutely nothing wrong with that. The industry as a whole needs to adapt, again, and stop bitching about the fact consumers don't want to pay tons of money for music.