William DeVaughn, “Just be thankful for what you got.” Live music may have been all but erased due to the virus, but recorded music has shown to be resilient thanks to subscription streaming, which makes up almost three quarters of all recorded-music spend.Had this crisis hit when we went shopping for records at stores like Tower Records, one shudders to think if there would be anything left.Will Page is a visiting fellow at the London School of Economics, who previously was the chief economist at both Spotify and PRS for Music.
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