I don't think you can really compare because the culture is so different.
Before the internet, you weren't going to get famous without being an actor, musician, artist, author, etc.
Sam Walton was not famous the way Elon or Jeff Bezos are famous.
I would think there is less because music just isn't as important as it use to be and there are just so many other creative outlets now. The hard thing to account for though is electronic music. You would have had to spend quite a bit of money in the 90s just to make a track and now you can do it basically for free.
If it was 1990, I would be in a band because there wasn't much else to do. Being in a band then was like having a podcast now.
The music industry was never this static thing either. There isn't much before 1950. It is hard now to imagine how huge folk music was in the 70s. MTV was such a big deal in my youth but that only had a 25 year run of being relevant if that.
I don't think there is a real alternative to streaming or the power law distributions that are going to come with that.
Before the internet, you weren't going to get famous without being an actor, musician, artist, author, etc.
Sam Walton was not famous the way Elon or Jeff Bezos are famous.
I would think there is less because music just isn't as important as it use to be and there are just so many other creative outlets now. The hard thing to account for though is electronic music. You would have had to spend quite a bit of money in the 90s just to make a track and now you can do it basically for free.
If it was 1990, I would be in a band because there wasn't much else to do. Being in a band then was like having a podcast now.
The music industry was never this static thing either. There isn't much before 1950. It is hard now to imagine how huge folk music was in the 70s. MTV was such a big deal in my youth but that only had a 25 year run of being relevant if that.
I don't think there is a real alternative to streaming or the power law distributions that are going to come with that.