| The population is getting older too. Music is the most age dependant business. It's literally impossible to discover your favorite song at age 35+ and it's most likely already buried in your brain forever between 14 and 20. Same things for movies, franchises sell because there is a familiarity to it. Stuff that isn't franchise just doesn't sell. A possible exception would be biopics. I predict a huuuge amount of high budget biopic to integrate revenues from franchises. JFK, MLK, Reagan, Hendrix, the Beatles, Led Zeppelin, The Eagles, Michael Jackson, Michael Jordan...they will all get a biopic with a budget of no less than 175M a pop. |
With all due respect, this sounds like a comment from someone who's not really into music.
I did a quick check with a musical friend to see if he shared my initial reaction... "what's your favourite song?" resulted in "I have no idea how to answer that question. Maybe ask me my top 100 favourites?"
I'm well over that age now, and I have a new "favourite song" every week or two. Easing into more free time as the kids get older and am using some of that to go see more live music from local bands.