These articles and others like them show a very different world. Things have definitely changed while I was sleeping. Of the $12.2 billion in total music revenue, $10.1 billion comes from streaming with Spotify and Apple Music accounting for $7 billion. So much for music ownership with digital downloads accounting for a mere $674 million, vinyl at $626 million, and CDs at $483 million.
I suspect the music industry is following the same path of the video industry with video streaming at over $50 billion. Of course of all this is a fraction of the video game industry at $180 billion. My experience with streaming movies has taught me that many free movies are no longer free and some are only available for rental and not purchase. This is on top of cable service and streaming services. What does this have to do with audio?
Many of us with large vinyl collections have always known that many of our treasures would never be released in digital. And in the digital world if you don't own you will always be a forever renter (streamer). Hey but you can't fight the numbers and you know where the industry wants you to be. I guess if I was starting out today I would be a forever audio streamer without any music collection or ownership. Instead I am a forever audio streamer with a music collection, perhaps the best and worst of both worlds.
