More people are listening to music than ever before, but the record companies are all in dire straits. Starting in the 1980s the CD brought booming sales and profits, and the record business fell head-over-heels in love with digital audio. CDs were selling for double the price of LPs at the time, so profits soared.
But what about the music? The 1980s wasn't such a great decade for music; it peaked early with Michael Jackson's "Thriller" in early '83, and then rock music stagnated. Rap and hip-hop, born in the digital era, were the only new … Read more