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Two BSers BSing about Art and the Internet
Posted on April 14, 2008
The phonograph was invented by Thomas Edison in 1877, and the first commercial recordings marketed in 1888. By 1929 record sales were a business generating annual sales of $75 million, but by 1938 sales were just $26 million. Radio had dealt commercial recordings a heavy blow, as radio ownership grew from 2 out of 5 homes in 1931 to 4 out of 5 by 1938.The threat from radio was the first, but not the last, major disruption that the recording industry would experience. Indeed, for most of its short life, the recorded music industry has been under attack - from radio, tape recordings, blank C...
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