Earlier quoted context omitted.
That graph does not show cassettes were responsible for that, it just shows revenue numbers. There are other possible causes. As someone who lived through part of that (I’m from ‘78 but for a country that was lagging in media developments; we got CDs in the early 90s) I can say that cassettes were a lousy medium. I love them because I grew up with my Walkman and I loved the tape swapping scene (physically compiled an…
> That graph does not show cassettes were responsible for that, it just shows revenue numbers. There are other possible causes. You don't mention any of these possible causes though. > interpreted as people willing to buy music just fine provided it sounded good and kept sounding good Yes, CDs replaced cassettes and records. They had better audio quality and were nearly as small as cassettes. But cassettes weren't mu…
What about
* The rise of blockbusters. Jaws was the first in 1975. Domestic office boomed https://i.redd.it/7nmrszljbdda1.png
* The rise of home gaming and computing. The second generation of gaming consoles is right around this time: Fairchild Channel F (1976), Atari 2600 (1977), Odyssey (1978)... In 1977 you had the Apple II, TRS-80, and the Commodore PET.
* VHS got introduced in 1977.
If we posit there are only so many dollars any one person is willing to spend on entertainment, perhaps it's not a stretch to think these have contributed to less dollars being spent on music?