[jhpacker]

I recently wrote an article on this topic, focused on the power law dynamics that leave such a small amount of room at the top of the industry: https://www.quantable.com/analytics/power-laws-why-our-new-a...

I don't personally think it's new vs. old as much as the power law distribution coupled with the fact that old music is more available and promoted than ever. Plus the algorithms are focused on giving us more of the same thing we have shown it we like rather than new music discovery.