Wednesday, February 16

Death of the music industry as we know it

Interesting chart and comments. The chart's headline is "The Death of the Music Industry" but in reality this chart only focuses on the conventional business model of the music industry, which is dying.



The music business is morphing rather quickly toward streaming media supported by ads and more people attending live shows.



I would say that the music industry is undergoing democratization. Ultimately this chart will evolve to a point where the majority of traditional sales will be led by manufactured stars, while independent artists will dominate the live show scene, not in terms of dollars but certainly in attendance.

Amplify’d from www.businessinsider.com

CHART OF THE DAY: The Death Of The Music Industry

chart of the day, music industry 1973-2009, feb 2011
See more at www.businessinsider.com
 

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