All is not well in the music industry. Revenue is a fraction of what it was during the heyday of the CD—and far from being replaced by iTunes singles, sales from downloads have fizzled, too. Vinyl has staged an unlikely comeback, but its rise is only remarkable in the context of the rapid demise of all other physical forms of music. And music videos are hardly a reliable source of income.
There is hope, though, and it’s streaming music. Services like Spotify and Pandora continue to grow, helping drive a nascent sales increase in the industry for the first time, as Kid Rock would say, in a long time.