Ask any musician during the pre-internet era and this would be their assessment:
Recorded music will always be the profit center. Live performances are only good for promoting a band's records; it's easier to sell 1,000,000 records than it is to sell tickets for 1,000,000 seats.
Recorded music will always be the profit center. Live performances are only good for promoting a band's records; it's easier to sell 1,000,000 records than it is to sell tickets for 1,000,000 seats.