arroway
Well-known member
And LP/cassette sales disappeared following the advent of CDs.
That's not the same thing at all. Piracy is not a new "format".
The point is, for the first time in the (albeit relatively short) history of recorded media, the new format (digital) does not appear capable of maintaining the economic stability of the format(s) it's displacing. Not even close.
For current and future creative professionals, this is a problem.
Yet there is no shortage of music being recorded, sold, and played on the radio...
For the time being.
If the pot of gold at the end of the rainbow is sufficiently diminished, there will naturally be an exodus of creative professionals to other pursuits and endeavors that actually reward them for their efforts.