The Music Business in the Nineteenth Century

By the 19 seventies, the music business was in full flight. The golden goose came in the form of a 12 inch circle of shiny black vinal. But there was trouble on the horizon, and it might not be what you'd expect. Music moved from a real time, live business to a commodity business. For the first time in history, music entered the world of commodities. Eventually, forty billion dollars a year in world wide sales of regarded music. That is the equivalent of selling a hundred million dollars worth of records every day, every day.