Quote:
Originally Posted by KC native
A lot of the transition has been self-inflicted. The RIAA ****ed themselves by not embracing electronic platforms earlier. Music used to dominate peoples' entertainment "wallet". Now music competes with video games, youtube, movies, tv, etc.
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That would have happened anyway. To get really into music and buy everything could cost 80-100$ a month back in the early 2000's, and that just includes the cds and vinyl. When torrenting came in the industry was doomed.
It still would have ended up in the same place it is now due to the high prices of the music and the fact that people have slowly had their wallets squeezed by the worsening state of the economy over the last 15 years.