Business Industry – 10 years ago the average American spent almost 3 times as much on recorded music products as they do today. 26 years ago they spent almost twice as much as they do today.
Two of the big new areas, mobile and subscriptions, appear to both already be in decline.
That only leaves internet & satellite radio – Pandora, etc — and others that pay via SoundExchange. It had a good uptick since 2007, but that’s when they negotiated royalty rates for online broadcasters. Even if they maintain some solid growth, it still adds up to a pittance.
It probably is the diversification of entertainment from TV and music to the internet and video games.