Chart of the Day

??Business Insider

The overall conclusion is that the music industry is actually doing much worse than the Bain chart implies:

10 years ago the average American spent almost 3 times as much on recorded music products as they do today.

26 years ago they spent almost twice as much as they do today.

The reason for the dramatic loss of revenue?..not piracy…but intransigence and failure to change the business model.

Turns out that, somewhat unsurprisingly, the recording industry makes almost all their money from full-length albums

Equally unsurprising, no one is buying full albums any more