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computerdork 2 days ago

Yeah, streaming does continue to keep music prices low, but for us who followed the music industry, the major damage to pricing happened 25 years ago. This was when p2p file sharing was at its height, and the music industry was in a tail spin and revenue was nose diving. Then the iTunes store came out and allowed customers to be single songs for a dollar (instead of the whole album). This was a necessary compromise the music industry had to do because young people weren't buying music any more. This sealed the deal and the end of it, the music industry was about half the size it was only a few years ago.

Yeah, Spotify does screw musicians really horribly. Don't know what the solution is, but was talking with someone else here, and maybe piracy is not a big factor with the music industry anymore. With the rise of DAW's so that making music is really easy, and youtube as a primary source to market music, piracy really isn't as big a deal. This sounds reasonable to me (not great state of things, but not bad).