Rick Beato did an interesting take on this idea and he blamed the music executives for not doing enough for the younger musicians. paying hundreds of millions for music rights of old artists but not supporting younger ones.
Is Old Music Killing New Music?
I ran across this Atlantic magazine article on another music forum. It asks the question if old music is killing new music. I didn't realize that older music represents 70% of the music market according to this article. I know I use Qobuz and Tidal to find new music and new artists for my collection, but I don't know how common that actually is for most people. I think that a lot of people that listen to services like Spotify and Apple Music probably don't keep track of what the algorithms are queuing up in their playlists. Perhaps it's all becoming elevator music.