The music industry itself has been synonymous referred to as the recording industry. With many artistes climbing through the ranks, diversifying genres they made the industry a multi-billion dollar franchise the world over.
Many people love the music, and the copyright law is not quite as tight, so bootleggers shaved most of the money from the market, with the maximum skimming off the top. You can also look for various live bands in London for your wedding music event.
Many people opt for cheaper knock-offs music as opposed to buying the real thing. This decline was the stimulation for the rise of live music concerts, road shows and the popularization of live music listings, as all means of recovering the lost revenue were sought.
Successful artistes today are essentially brand names. Many consumer product companies are paying top-dollar just to have famous artistes showcase their merchandise on their road shows and live concerts.
What the artistes lost in record sales is now being supplemented by the increased popularity of live music. It is essentially the next logical step in music evolution, with many artistes traveling all over the world and making millions while at it.
A rather interesting survey saw that the bulk of music lovers would rather pay to physically see their music icon, as opposed to spending 10 times less to buy the musician's album!