this post was submitted on 03 Jul 2023
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Doesn't really address my point, does it?
https://www.theatlantic.com/ideas/archive/2022/01/old-music-killing-new-music/621339/ -- Old songs now represent 70 percent of the U.S. music market. Even worse: The new-music market is actually shrinking.
https://www.rollingstone.com/pro/features/music-catalogs-value-keeps-rising-could-it-change-the-face-of-the-entire-industry-1056229/
https://www.musicbusinessworldwide.com/its-official-new-music-is-shrinking-in-popularity-in-the-united-states/
https://www.billboard.com/pro/catalog-boom-analysis-for-the-record/
You're arguing against a point I never made. Obviously it's hyperbolic to say "nobody" likes new music because 30 percent of revenue is going to new music. But obviously there is a major problem and the fact that there is still some good new music coming out does not address that major problem.
I wasn't adressing that point specifically, I just meant to show that there is a lot of good music still, and not only some obscure shit no one really listens to.
I will do some more reading on this subject and edit with my thoughts on that.
Though my initial thought is there is an inherent bias here, and that is time.
Eh, this kind of fearmongering has been in the music industry forever now. If no one is releasing new music, or there is a ridiculously high barrier to entry, there will simply be another indie music boom.
And I also think this is something where the data should be niche specific. Like how would this affect me as a tech house producer, for example? There is currently a tech house boom, with labels like Repopulate Mars, Toolroom, dirty bird. etc. These labels will continue to put out good and new music because that is their prerogative. Even labels such as Ajundeep are still publishing unknowns.