The History Of The Music Industry: 1970 to 1990 - The History Of The Music Industry, #2

In the early 1970s, the music industry was already facing major challenges. New technologies such as cassette tapes and compact discs were becoming more prevalent, leading to a decline in vinyl record sales. Additionally, the rise of illegal music downloading and bootlegging was becoming an issue for many artists, who were losing out on potential earnings. This led to the formation of new companies and changes in the way that the music industry worked.