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Yeah the '90s was the big heyday for the music industry when they used to charge us $25 (in 1990s dollars, $48 today) for a CD with 2 good songs and a bunch of filler. That ended quickly as, like you said, Napster and the like came on scene. Then we got the iPod and iTunes and a slew of 'ringtone companies' where you could buy songs individually for a dollar or two until streaming took off.
They've never recovered to the level they were at back then because there are just too many options now and they don't control them all.
https://www.visualcapitalist.com/music-industry-revenues-by-format/
Nothing has been as big as CDs but total revenue has been growing since 2015.
Wow, that stretch from 2010 - 2015 must’ve been brutal before streaming popped off.
What do the scales below and above the timeline represent? There's no explanation of the data displayed.
The total height represents sales of each format in relation to the others. The timeline isn't the zero line like you might be thinking. $0 would be the bottom of the graph at any given time.
Effectively a stacked bar chart/area chart, but with "pizzaz" that makes it less readable.
I suppose, but I think it's a really nice visual that gets the point across just fine for this level of discussion.