I think that music can never truly die but with the ever growing threat of the internet, the music industry will have to start regulating and transitioning from physical revenue which was down by 5.4% and going into streaming 100% which was up by 41.1%. People in this day and age listen to music through Pandora or Spotify or any other streaming service and the revenue will have to start getting higher for the artists to convert fully into this platform. Sadly the statistics dont lie with physical being down 5.4% and downloads being down 20.5%, everyone is now listening to this music through streamable services or digital albums. I dont think the music industry can ever die but i do believe if they do not start realizing this new trend in how their consumers ingest their music then we could see the music industry get hurt more than it could flourish.
Sure back in 1999 physical product were 100% the only form of way to get musical content. But now in 2017 physic is not even 1/3 of what it used to be in 1999, it went from 25 billion dollars to 5 billion dollars. The streaming services are now at 6.8 billion dollars which already tops physical right there. These statistics dont lie and are just showing this trend is going to get bigger, us as consumers can consume our music from anywhere on our phones but with physical you are limited extremely to where and how you listen to the music. This ever growing trend will not stop and i think if artists dont hop on board with this trend we may lose artist that have been around and are popular may just get lost and forgotten since this trend calls for it to be streamed and not be physical.
JoshuaPeayMADT307 