“This is the graph the record industry doesn’t want you to see.
It shows the fate of the three main pillars of music industry revenue – recorded music, live music, and PRS revenues (royalties collected on behalf of artists when their music is played in public) over the last 5 years. ”
These data shows that artists are gaining more revenue due to live performances, and that, soon, live performance revenue will far outstrip recording sales. Incidentally, it shows that the huge music piracy issue might not be that huge an issue at all. Click the link below to see the graph and read the full analysis.