Financially-savvy songwriters have been taking advantage of this loophole by quietly selling a portion of their catalogs. In addition to receiving a big lump sum payment taxed at half the rate, these songwriters are diversifying to hedge against industry turmoil, inflation, and declining royalties. It’s something worth checking out!
Music sure has changed since I was a youth. The way we find new music, the way we listen, and the way we share what we’re listening to has all changed; and the political and social climate of today’s culture is reflected in today’s music in a way that has changed massively since 20 years ago*. But I don’t look back and think, “now that was good music!”