Old recordings, like zombies in those bad films, are out to kill the living
“I had a hunch that old songs were taking over music streaming platforms—but even I was shocked when I saw the most recent numbers. According to MRC Data, old songs now represent 70% of the US music market.Those who make a living from new music—especially that endangered species known as the working musician—have to look on these figures with fear and trembling.But the news gets worse. The new music market is actually shrinking. All the growth in the market is coming from old songs. Just consider these facts: the 200 most popular tracks now account for less than 5% of total streams. It was twice that rate just three years ago. ...”
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