this is a colorful chart showing how recorded music has been monetized over the last 50 years. it's visually complex and really hard to explain and i am so sorry about that!

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   jamie hill🏴‍☠️ (hilljam@mastodon.social)'s status on Monday, 30-Oct-2023 20:27:04 JST jamie hill🏴‍☠️

   fascinating (and gorgeous!) chart showing the evolution of recorded-music revenue over the last 50 years

   the first thing that jumps out at me is how much smaller the overall pie is post-streaming. the streaming services and major labels have successfully managed a) to dramatically devalue recorded music and b) to put a much larger percentage of it directly into their own pockets. it's one of the single biggest upward transfers of wealth in history — from artists to billionaire corporations