When the Music's Over
It's one of those good news/bad news stories: more people are listening to music than ever before, but the major record labels are in dire straits. Some of the reasons for the record industry's malaise are easy to spotteenagers and grandmas grooving to music-streaming services like Spotify, Pandora, and MOG, or ripping each other's CDsbut the music industry's problems run deeper than lost sales. Digital audio mortally wounded recorded music's creative mojo in 1982, and the record industry never fully recovered.