As recorded music formats repeatedly changed during the past 50 years, we saw the progress that creative destruction can create.
How Vinyl and Streaming Are Similar
Changes in recorded music sales were fueled by new formats that started with vinyl and eventually became streaming.
Why Songs Are Shorter
As music industry technology has shifted to streaming, so too have the incentives that are multiplying shorter song tracks.
Hey, Spotify. Taylor Swift called. She wants her money.
With the music industry moving from CDs to streaming, firms like Spotify have created new supply and demand and new incentives for performers and providers.