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The Beatles should be collecting royalties from every artist in the world on some level since everything that came after them is because of them. And, uh, LSD.
Yes, but if you look at who's buying up all these zillions of songs by these newer "artists"(?), it's all 13 to 16 year old kids who's tastes change every 5 days. They think of Johnny Cash as that old guy who had a big song in the 90s, without a clue to his Sun records past. They think Bob Marley is really cool......on a t-shirt cause they associate him with weed. Ask a teenager to name one Bob Marley cd besides "Legend".
Ten years from now Keisha, Flo Rida, and Justin Beiber will all be in the discount bin at Wal-Mart.
You have to remember though, music, via MTV, radio, movies and the internet has been made far more accessible to the average joe in the last 10 years or so. Depressing, yes. Not really shocking or surprising if you sit and analyze the influx of music/pop culture in the last 20 years.
If I had a time machine, I'd be curious go back in time to the era of bands who are now considered "legendary" and see what it was actually like during their heyday. As Snail Shell said, music was likely much less "accessible," or at least ubiquitous, back then.
What gives me the shits and giggles is the vinyl revival. Vinyl records are 1950's technology (stereo was introduced to the market in 1957). The popular wisdom is that vinyl sounds better than digital audio (which I agree with to point).
I've got two theories:
1) Some folks heard a vinyl version of a favorite album of theirs (probably a classic-rock album) and it probably sounded pretty good compared to the 128K or 192K MP3's they were used to.
2) The record companies, realizing that trying to stop the online sharing of digital downloads is futile at best, are trying to rescue themselves (and their honchos' six-figure salaries) by returning to the previous business model by reintroducing a traditional, physical music medium which cannot be easily digitized (it has to be copied in real time, like making a cassette. Speaking of which, those are experiencing a revival among some sectors of the population as well!).
My yodelling lessons may payoff still!! This possibly can be blamed/explained on/by the population growth and changes in the attention span of people and the ease of access to the music medium(both professionally and home-grown produced) and instant "stardom" today. Some "stars" today are processed faster than chickens and have a flavor -of-the-month lifespan. Similar claims could be made about the box office tickets sold by some movies these days versus "classic" older ones.
Though a lot of the popularity and record sales of today can be attributed to a simple growth in media, promotion, and availability, that still is a fucking depressing list.