> The hole in revenue in the early 2000 was because pirating was the only real option to get music online
The Telecommunications Act of 1996, allowing the likes of Clear Channel/iHeartRadio to take over all the stations, shows to be the real culprit.
At the time we joked, due to the steep decline in radio variety, that CD sales would crater because people would only get to know a small handful of artists, leaving few CDs to buy, and the numbers here confirm it was more than just a joke.
The Telecommunications Act of 1996, allowing the likes of Clear Channel/iHeartRadio to take over all the stations, shows to be the real culprit.
At the time we joked, due to the steep decline in radio variety, that CD sales would crater because people would only get to know a small handful of artists, leaving few CDs to buy, and the numbers here confirm it was more than just a joke.