There's Probably Never Been A Worse Time To Be A Musician In America

The music industry isn't quite dead — it's merely completely unrecognizable from what it once was. The following chart from music industry analyst Mark Mulligan explains: Since 2000, overall global music revenues have declined just 3%, not exactly a cataclysm. But actual recorded music now comprises just 36% of the industry's revenue stream: So what has taken its place? Tours — revenue growth in which has grown 60% since 2000. Unfortunately for artists, industry heads have adjusted deal term...