Physical music sales continued a trend of downward progression and digital revenues are not making up the difference. Within the next two years, total revenues from music sales are projected to dip down to $23 billion, which is half of what the industry brought home a decade earlier.
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Now we’re getting into some interesting conceptual territory. The RIAA, which represents all the major labels, has focused so intently on controlling revenue streams that it has lost focus on the bigger picture of the evolving industry. As a result, the RIAA has grasped the money stream so tightly that the very future of the music industry itself has slipped through its very fingers.
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Record Labels To Blame For Industry Decline
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