I'm not convinced that every pirate download equals a lost sale. Certainly sometimes it does, but I don't think it's the case that creators lose much revenue due to piracy. I think the big music labels and giant publishers might -- might. But that's not the same as creators losing money. And we're also unable to count how often piracy results in concert ticket sales that may have otherwise not happened.
> but when your main demographic can always go to bittorrent to get their music if prices are too high, then there is only so much you can do with the price of music.
And that's the thing: if the prices are too high, in the absence of piracy, most people are going to just do without. There's no lost sale when someone decides to do without rather than pay a price they thing is unreasonable.
I think the shift in the music landscape you see is due to three things: 1) your tastes have changed, and everyone looks at the "good old days" with a fondness and appreciation that is often undeserved, 2) the music industry itself has changed, moving away from the album-sales model, and fully embracing streaming (I believe around 70% of revenue comes from streaming these days), and 3) it is easier and cheaper than ever to create high-quality music; sure you need some level of talent, but many of the financial barriers to recording your own music (like the need for an expensive recording studio) have lessened or evaporated entirely.
> And, the music industry is still not even the same size as it was in 90's - global revenue in 2024 was $29 billion, while in 1994, in was $35 billion
This seemed surprising to me, so I did a little bit of light research. This isn't true. Revenue was steadily rising until around 1999, started dropping during the main time of digital disruption, to a low in 2014. In 2024, revenues were 1.5x what they were in the ~1999 peak.
Now, if you do inflation-adjust those numbers, you get a picture more like what you're saying, with a peak around 1999, a sharp decline, and then only a partial recovery.
But total revenue is only one part of the picture, and we can't judge creator impact solely upon that. And at the end of the day, no one is entitled to revenue. Sell a compelling product at a price people are willing to pay, and you'll make money.
Outside of streaming, I personally don't see many compelling products out there when it comes to music. I bought CDs and cassettes as a kid, but I don't see physical media, or even digital album bundles, as purchases worthy of my time. I have a YouTube Music subscription, and that fulfills the entirety of my at-home or on-the-go music needs. On top of that, I go to concerts and festivals when my favorite music is in town, and I'll sometimes buy some merch (like a festival t-shirt). Beyond that, I just don't see a need to spend money on music. (When I think about it, though, I probably do spend more money on music today than I did when I was buying physical media! Some of that is due to my better financial situation now, to be sure, but not all.)
> Personally, think we should try to find ways to support musicians, writers, thinkers, artists...
I absolutely agree, but I don't think piracy has the big negative effect on creators that you think it does.
Appreciate your view, and am no expert at this, but as you mentioned, the numbers do speak for themselves. Yeah, it isn't just "the good old days," we all who followed the music industry saw a huge decline in revenue in the 2000's (it was catastrophic and was as punch to the gut). It just kept going down year after year. And as you mentioned, if you adjust for inflation, the size if the industry is still smaller than it used to be...
...Also, it seems like it depends on where you look for yearly revenue. At least this research article is more like what I saw (although, not sure what numbers are correct): https://www.researchgate.net/figure/Global-Recorded-Music-In...
Regardless, yeah, the music industry took a huge hit, and is looking better these days with streaming (which saved it), but it's still not great.
>And that's the thing: if the prices are too high, in the absence of piracy, most people are going to just do without. There's no lost sale when someone decides to do without rather than pay a price they thing is unreasonable.
Agreed, if prices are too high, yes, they'll do with out. But in the past, on average, it seems like most people did actually purchase CD's and DVD's, me included. Most of us had quite a sizable collection, and would routinely visit music stores to pay $20 to buy a CD, just because they liked one or two songs (and that's in 90's money). Yes, the music industry took a lot of the share of revenue, but that industry still is what promoted and supported the musicians.