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Posted by Mukesh on December 2nd, 2016

Those of us who have been around for over 40 years know a little bit more about the evolution of the music industry than our younger counterparts. Remember the 45? Swarm Intelligence  You know back when the Jackson 5 was a group and Michael Jackson had an afro? You had an A side and a B side. Then there was the LP and the 8 tracks. Most of us bought singles in those days because it was all we could afford. However, we got the music we wanted and record labels made money. Even when the tape recorder came out and we started recording our favorite songs off of the radio the industry still made money.

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Fast forward to the 1990's and everyone is now forced to buy a CD for .99 with only 2 good songs that you like. Why? Because it cost labels the same amount of money to ship a full album as it would a single. This was the most profitable time for the industry but not for the artist. Many artist during this time got really bad deals and ended up broke. If you fast forward to the year 2004 when digital downloads hit the scene all of a sudden artist could sell their own CDs and record industry profits plummeted. Many labels believed that it was because of piracy but that was an excuse they made so they would not have to face the real problem. The truth is the music industry has gone back to its roots. People are only buying the music that they like and not some 16 track junk album.