4min chapter

The Active Voice cover image

The Active Voice: Ted Gioia takes the long view

The Active Voice

CHAPTER

The First Wave of the Internet Was Destroying the Music Industry

I think it's absolutely clear that the first wave of innovation in the internet was destructive to the music culture. Music fans who had previously bought five, 10, 15 records a month and spent $100, $200 on music now would spend $9.99 to subscribe to a streaming platform. For the first time since medieval times, the music business is more concerned with old music than new music, which is not healthy. See this everywhere were creative people who 10, 15, 20, 30 years ago would have worked with a major institution That was going to launch them into their careers.

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