The Music Industry Is Booming
April 5, 2019
“Globally, music-industry revenue rose 9.7% last year, the best in at least 20 years, according to data released Tuesday by the International Federation of the Phonographic Industry. Streaming drove the tempo, with growth of 34%, while compact-disc sales slowed it down. But the drag from the decline of CDs, which caused the industry to shrink from 1999 through 2014, is getting weaker as they account for an ever-smaller slice of the pie…”
https://www.wsj.com/articles/music-is-booming-but-spotify-isnt-the-winner-11554300420
It seems to me markets have finally adjusted to users switching from physical copies to digital copies.