The record industry has gone through enormous changes over the years. Vinyl, CDs, and other compact formats swept the world while cassettes faded away. Yet despite all these shifts, the music industry didn’t actually suffer major losses — in fact, revenues continued to grow. But then digital disrupted everything. Looking at 50 years of music industry sales data is fascinating, because it reveals not only the rise and fall of record-label profits, but also the seismic changes in technology and consumer behavior. Source: ABC
