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The big difference was radio wasn't on-demand. You couldn't just listen to a complete album. If you wanted to listen to your favorite artist, you couldn't do that on the radio without listening to a lot of other stuff.
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Most artists didn't make money from album sales.

They received some money up front in a contract to record the album, and the label make the money from sales.

There is a reason the bands toured and sold teeshirts.




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