The record industry underwent a dramatic transformation between 1890-2005, shifting from physical media to digital distribution. Initially created to support record player sales, the recording industry became highly profitable through the sale of physical copies - records, tapes, and CDs.

For about 100 years (until 2005), artists could generate significant income from duplicate copies of their work. However, this era was a historical anomaly in music's longer history. Earlier musicians like Mozart relied on patronage and performances rather than recorded music sales.

The digital revolution fundamentally changed the industry's economics:

• iTunes unbundled albums, allowing single track purchases
• Streaming services like Spotify introduced pay-per-play models
• New promotional channels emerged through social media and video platforms

Today's musicians have diverse revenue opportunities:

• Digital distribution platforms
• Direct-to-fan sales through sites like Bandcamp
• Live performances and events
• Social media engagement
• Streaming royalties
• Merchandise

Unlike visual art, where original works hold unique value, music's value historically came from performances and usage rights rather than physical copies.

The modern music industry continues to evolve, with artists adapting to new digital distribution models while seeking sustainable revenue streams across multiple channels.

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