This is an interesting article here: Is Old Music Killing New Music?
Apparently old songs now make up 70% of the US music market, with catalog consumption increasing by 19.3% last year while current music declined by 3.7%. It also goes on to mention how viewership of the Grammy's fell from 40 million in 2012 to just 8.8 million last year. The blame seems to be put mostly on record labels, but radio is brought up a few times: "
Of course, broadcasters just want an audience to sell to advertisers. The internet could supposedly bypass these barriers but that so far has not brought about a "radical new kind of music" to a mass audience. But it does mention how music algorithms are actually worse. Perhaps it has also brought more fragmentation.
"The problem isn’t a lack of good new music. It’s an institutional failure to discover and nurture it." The author goes on to mention how record execs did not foresee the emergence of rock and roll in the 50s or the British Invasion of the 60s or hip-hop in the 80s. But could something like that happen today in a world that is becoming more and more individualized?
Apparently old songs now make up 70% of the US music market, with catalog consumption increasing by 19.3% last year while current music declined by 3.7%. It also goes on to mention how viewership of the Grammy's fell from 40 million in 2012 to just 8.8 million last year. The blame seems to be put mostly on record labels, but radio is brought up a few times: "
- Radio stations are contributing to the stagnation, putting fewer new songs into their rotation, or—judging by the offerings on my satellite-radio lineup—completely ignoring new music in favor of old hits."
Of course, broadcasters just want an audience to sell to advertisers. The internet could supposedly bypass these barriers but that so far has not brought about a "radical new kind of music" to a mass audience. But it does mention how music algorithms are actually worse. Perhaps it has also brought more fragmentation.
"The problem isn’t a lack of good new music. It’s an institutional failure to discover and nurture it." The author goes on to mention how record execs did not foresee the emergence of rock and roll in the 50s or the British Invasion of the 60s or hip-hop in the 80s. But could something like that happen today in a world that is becoming more and more individualized?