“There hasn’t been any good music in forty years!” If I had a nickel for every time I’ve heard this self-evidently ridiculous assertion, I’d be able to buy a Happy Meal. With a Super-sized Coke Zero. It’s a common sentiment among people of a certain age, and attempts to persuade with opinions to the contrary are inevitably met with skepticism, if not derision. But it looks like the dinosaurs as well as Millennials are putting their money where their mouths are: for the first time, over the course of 2014, online ‘catalog album sales’ (think, classic vinyl, sold via iTunes and other e-services) outpaced online sales of new music.
The Music Business Worldwide article poses some legitimate and worrisome questions for the industry: “are people merely starting to consume their new music on streaming services rather than buying it in album form? Or are they increasingly less impressed with the new album releases that arrive year-in, year-out?” Continue reading