There was whole corporate thing going on. Remember Sony-BMG? The massive selling records of the 70s attracted investment dollars into the industry resulting in consolidation. At first it worked out pretty good with Micheal Jackson's "Thriller", which is still the biggest selling record of all time, and other mega-hits by Madonna, Whitney Houston and Bruce Springsteen. When accountants start making artistic decisions, well do I have to spell it out?
Fortunately, R.E.M. broke alternative music open, the Gang Of Four played Marxism with a beat, Bryan Ferry crooned his best solo work, Janet Jackson showed what Madonna was trying to do and even Guns N' Roses became an arena filling band. By the end of the decade hip-hop/rap became the dominate music. There were tons of great music in the 80s. Ignore it at your own peril.