Plain English with Derek Thompson

Is Old Music Killing New Music?

4 snips
Aug 3, 2022
Ted Gioia, a prominent music critic known for his thought-provoking essay, delves into why older songs dominate today’s playlists. He highlights the rise of nostalgia, like Kate Bush's ‘Running Up That Hill’ re-entering the spotlight, and discusses the alarming trend where over 70% of streamed music is older than 18 months. Gioia also examines the shift in the music industry toward data-driven decision-making and the implications for creativity. Lastly, he envisions a hopeful future for music innovation amidst these challenges.
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INSIGHT

New Music Curse

  • Total music consumption is rising, but new music listening is declining.
  • The growth is in "catalog music," or older songs, indicating a shift in listener preferences.
INSIGHT

Old Music Dominance

  • Over 70% of streamed songs are now older songs (catalog music).
  • Investment in old music catalogs exceeds investment in new music, a historical anomaly.
INSIGHT

Data Murkiness

  • Data on older music's historical importance is limited, but trends are clear.
  • Measuring current music spending is harder due to streaming and bundling.
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