Has new music gone down the tubes?


The demand for "old" music grew 14% in the first half of 2022 while the demand for new music dropped 1.4%. In the streaming world "old" music represents 72% of the market. Why does new music seem to be so bad compared to old/classic music?

I go though youtube sometimes and kids post videos of the first time they hear classics like the beatles, bob dylan, whatever and inevitable jaws drop. The music companies keep rereleasing old albums in new formats. Is it because todays artists just can’t "git er done"?

U.S. Music Catalog vs. Current Consumption

 

kota1

There is plenty of great new music. Just many more outlets. It’s not gonna be spoonfed to you any more. 

Have to find it. 

If you do, you have to sign up. 

I think music is spoonfed more now than ever.  Everyone listens to music on their phones and everyone can be alerted instantly when there is a new hit on tik-tok or wherever.

Another difference between now and when the boomers were young is that there was a huge difference between what boomers and their parents listened to. Today, kids and their boomer parents (or grandparents) share music a lot, they all listen to rock to a greater or lesser extent, and that keeps older rock alive.  Rock music killed what our parents listened to, as far as what sold anyway.

What if I admitted I probably could not identify a single Taylor Swift song by name and possibly do not even recognize her when I hear her?  It’s probably just me being an old guy.