Decline of Music Sales

I saw a sobering chart a while back about how much revenues in the recorded music business have fallen. Turns out that things are actually much worse. Go here for the old chart and a new one that shows just how bad things really are:

• revenues are down 64% from the peak in 1999
• the industry is down 45% from where it was in 1973
• the music business made nearly all its revenue from album sales--and album sales have fallen off a cliff

Well, it's not like anyone is making great albums anymore...

UPDATE: There is really only one piece of music appropriate for this post. This song came out way back in 1982.