The fundamental problem facing the the traditional music industry is that labels are no longer able to control the distribution of songs and command premium prices through physical media like CDs. As long as the internet is here, their old business model is not going to return.
Ek put this unpopular truth another way when he wrote, “In the old days, multiple artists sold multiple millions every year. That just doesn’t happen any more; people’s listening habits have changed – and they’re not going to change back.”
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