The music industry has changed drastically in the last 40 years. The music industry has undergone a lot of changes in the last 40 years. Initially, there was the dominance of vinyl tape with 8 tracks, however, it faded away with the introduction of compact discs. It became a craze among the music fans and they enjoyed listening to music on CD’s.
You can see how music industry have changed and its revenue model with the introduction of new technologies. You can check out this infographic here and understand how music industry have generated revenue in the last 40 years.
Streaming Services Revenue
However, still they have not crossed the sale of CD’s but they are growing by every day. You can have a look at here.