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dhellman
From: Doren5/28/2014 5:12:44 PM
1 Recommendation   of 213176
 
Interesting how the recorded music business has evolved. From the early days when Charlie Parker hardly received a dime...

The 1950s when Russ Soloman (Tower Records) put 12" albums on card tables at his dad's drugstore in Sacramento, and sold them out growing to become the largest music retailer in the world, through multiple bankruptcies.

The rise of the LP, and the demise of the single,

Dominance of the LP due to the underground hippie bands in the late 60s... gigantic fortunes made for musicians. The music business bigger than the movie business.

The DIY movement. Anyone can make music. Even really stupid talentless people with nothing to say.

The co-opting of the underground by giant corporations.

Used CDs putting Soloman out of business.

.mp3s usurping the CD. The end of recording money for musicians, except the very top artists.

The rise of the single on iTunes. Nail in the coffin for small bands.

Streaming usurping the digital file. NO money for musicians.

The underground of vinyl attempting to rise again.

It will be interesting to see where it goes. I wonder... and truthfully I hope, the corporations have shot themselves in the feet to learn how to dance.

Meanwhile enjoy this incredible video:

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