The music industry experienced one of the rockiest transitions into the digital age of almost any business over 15 years ago, as it didn’t lead the charge. The biggest companies working in music were more than happy to continue to allow people to purchase albums and CD singles, overlooking the potential that the internet could have offered for the field.
The business only truly got its act together (at least somewhat) when the public latched onto piracy websites like Limewire and Napster and began downloading anything and everything they could want for free. That kicked off a decade-plus-long slump in the industry that has only just recently been reversed thanks to streaming platforms taking over the world.
Read Article: Forbes