Colin Thomson: Do More

037: Solo Saturday: My Response to "The Creative Apocalypse That Wasn't" by Steven Johnson

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Synopsis

Read the original article here: "The Creative Apocalypse That Wasn't" by Steven Johnson    Key Take Aways: There has been a lot made of the downfall of the music industry. Charts show income and revenue absolutely plummeting for the past 10 years In his discussion, Steven Johnson talks about how, in the heydey of CD sales, right before Napster, the music industry had what would equal about $60 billion in revenue, and now that number is down to about $15 billion But Johnson posits that in general, the individual musician is not doing any worse financially now than they were at that point - and a lot of his explanation for this has to do with the role that live music plays in the music industry In 1999, the music business took in $10 billion in revenue from live shows, and in 2014 that number had grown to almost $30 While the super-stars to rake in the majority of this, the article goes on to state the the top 100 tours of 2000 captured 90 percent of all revenue, while today the top 100 capture only 43 percent