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At its apex, the music industry was valued at over $14 billion. However, in recent years it has been on a precipitous decline; by 2022 projections indicate that this figure could plummet as low as $1 billion! The dispiriting news is that there are no shortage of illuminating statistics pointing to an alarming decline in music consumption. In fact, research conducted by Statista reveals that by 2022 - just 14 years from now - Americans will be listening to less than half the amount they currently do! Furthermore, purchases have fallen by 54% compared with their mid-1980s peak and CDs…
