Wall Street Journal: What Happens to the Music Biz When Aging Acts Die?

The Wall Street Journal reports on how legacy acts dominate concerts and ticket sales and asks what happens to the business as they die off.

It’s going to be easier to become a performer with an audience, but harder to become an entrenched arena act,” Nathan Hubbard, forker chief executive of Ticketmaster, wrote in an online piece for the website The Ringer last year.

Last year, Prince’s greatest-hits album, “The Very Best of Prince,” released in 2001, sold nearly 670,000 copies in the U.S. That was more than Rihanna’s “Anti,” which sold 603,000 copies, or Justin Bieber’s “Purpose,” which sold 554,000, two hit records that were among the year’s biggest sellers, according to Nielsen.

In today's music market, it should be easy for a lot of musicians to make a modest living from their work because there are so many ways they can build an audience on their own.  I think that audiences need to get used to that idea and become more independent is how they choose which artists to listen to and support.

Keywords:  Bruce Springstein, Madonna, Guns 'N' Roses, Beyoncé, Justin Bieber, Prince, Rihanna,  Taylor Swift, Lady Gaga, Justin Timberlake, Drake, Adele, Luke Bryan, Eagles, Steely Dan, The Doobie Brothers, Fleetwood Mac, Journey and Earth, Wind & Fire.

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