I don't buy music from labels or online shops. I go to either an artists website or somewhere the artists will directly get the money from it or i'll buy albums from shows. I've probably paid for more music in the last few years than I did most of the time as a teenager. I feel a lot better giving my money to people who are more directly involved in creating the music than large companies that produce albums for them. Hell i've even bought some new recently produced vinyl albums in the last couple years. When I was young I refused to use places like hmv so all I did was either pirate or buy music from shows. Now i've replaced pirating with buying music online.

The thing is there's just so much music now. The artists you represent may be more popular but there's so much more competition for people's money. There's music i've bough I enjoy from artists whose shows i'll probably never get to see. I spend a lot of time listening to concerts and such these artists freely post online, i'm enjoying their music, legally, but I haven't paid for it.

There are a lot of things contributing.to lower album sales. Piracy, while i'm sure contributes doesn't seem to be the biggest problem. Plus i've been hearing this since I was a kid and cassette tapes were being blamed for killing the music industry because people could just record anything they want off the radio or a friend's cassette so album sales were dropping.

Labels get their money regardless of where you buy it from if they have a stake in the album/band.

I would bet the drop in album sales is more likely due to the rise of Spotify and other streaming services than piracy.

This. In fact researchers a few years back came to the conclusion that piracy increased sales due to easier discovery + exposure.

It is now, but the drop in record sales started before Spotify — it started with Napster and similar services. Spotify grew from a market reaction to those sales lost due to theft.

CD sales have fallen since 2000. Spotify, in your example, came out 8 years later.

https://www.statista.com/chart/12950/cd-sales-in-the-us/

Conversely, Napster was released in 1999.

Illegal downloads surely had an impact in the 2000s era, but I think by now the amount of freely streamable content is by far the largest factor.

Unlikely - streaming expanded the market for music.

I recall a report that showed that p2p networks acted primarily like a broadcast medium, which tuned to the most popular works.

The entire free content model has arisen because of tacit acknowledgement of that fact.

Youtube, hell everyone, applies those lessons today.

And, as I pointed out originally, there was about an 8 year gap between demise of album sales and the prominence of streaming.

The album is dead. Paid streaming is booming.

Albums aren't dead. Luckily, I can stream those too.

It's just more convenient. "Hey Siri, play the latest album by X" still works. Thank God.

Albums aren't dead for artists that are capable of making more than one good song.

Albums are only dead for artists who have to use filler to make the one hit song they managed to come up with fill a CD.