Forgot to reply to this part: First off, according to IFPI numbers, this is false. Adjusted for inflation, peak music spending was 1999, and it's not even close. Prince fans, I guess. Second, people spend more time listening to music today than they did in 1999. So it's very feasible to argue that the value today is higher than the value then, as proven by my previous numbers.What’s interesting is that the amount of money people spend on music has gone up, the vast majority of which goes to music streaming services. This suggests that people are spending more on music than they ever used to. Contrary to saving people money, music streaming is making people part with more money than they ever used to. And for something they don’t ever own and have to pay forever for! They are the masters of manipulation.
"The vast majority of which goes to music streaming services" is also false. Spotify pays out about 2/3 of their revenue to content providers. This is a much higher share than when purchasing a CD. Yes, musicians are complaining now about low payouts from streaming services, but they were also complaining about low revenue from CD's, so nothing has changed there...