Of course, I think that graph is not considering concert generated revenue, who's has likely grown substantially from earlier eras. Maybe when considered together it's closer to break even. Even so, that would demonstrate a big change in listening habits, which is why I probably don't understand music fans who don't have/want any physical media. But they're as pumped up as I am, just different wants for different people/ages.
Remember that graph is for the entire globe, and not just the United States. The United States has seen the most dramatic decline of album sales, digital and physical, in the world.
Extremely popular artist such as U2 make significantly more money from concerts than they did back in the 80s or 90s. But the vast majority of artist, especially new artist, only make enough to stay on the road. Essentially the cost of touring often eats up anything they make. Then when it comes to their recorded music, everyone is streaming it instead of buying it. They could make some good money if people would buy, but get paid a fraction of that when people just stream it.
The consumer loves the current situation and naturally will jump through any hoop to defend it.
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