[KozmoNau7]

The music industry decimated itself, by being stuck in their backwards ways. They stagnated instead of innovating, and ignored the vast array of new technologies that became available to them.

They shunned digital distribution and preferred to bet on ill-conceived retrofitted DRM on CDs. They attempted to instigate a migration to new DRM-laden formats (DVD-A and SACD) with false claims of better sound quality. They completely neglected streaming possibilities until Spotify et al. came and caught them with their pants down. Now they are trying to milk the streaming companies as hard as they possibly can, killing their Golden Goose in the process.

They are seeing record profits from streaming, but they continue to tighten the leash.