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Following the inclusion of streaming into record charts in the mid-2010s, record sales are also referred to as traditional sales or pure sales. [10] [11] [12] Although an accurate worldwide sales figure is hard to determine, it is widely acknowledged that the Beatles have sold more records than any other artist in history.
The decline of newspapers has various adverse consequences, in particular at the local level. Research has linked closures of newspapers to declines in civic engagement of citizens, increases in government waste, and increases in political polarization. The decline of local news has also been linked to the increased nationalization of local ...
The other major cause of the decline of the big bands was World War II itself—and the resulting loss of band members who were drafted, curtailment of traveling by touring bands because of gasoline and other rationing, and a shortage of the shellac used to manufacture records.
The 1990s were the longest period of economic growth in American history up to that point. The collapse of the speculative dot-com bubble, a fall in business outlays and investments, and the September 11th attacks, [73] brought the decade of growth to an end. Despite these major shocks, the recession was brief and shallow. [74] Great Recession
The vinyl record industry has enjoyed a resurrection. Print book sales are at a record high. Gen Z’s enthusiasm for all things touchable is resurrecting the analog economy—and costing parents
The figures below (in millions) indicate the overall size of the U.S. sound recording industry based on manufacturers' shipments at suggested list prices. Record stores The transition from CDs to digital downloads has been shrinking the record industry most of the decade, leading to mass layoffs, and artist-roster cuts at major labels.
Over time, industries rise and fall based on demographic trends, shifting consumer preferences and technological developments. However, in 2020, entire industries that were thriving as recently as...
The Recording Industry Association of America (RIAA) is a trade organization that represents the music recording industry in the United States. Its members consist of record labels and distributors that the RIAA says "create, manufacture, and/or distribute approximately 85% of all legally sold recorded music in the United States". [1]