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Sony Music Overhauls Legacy Label to Adapt to Streaming World

March 27, 2018 / Brian Steinberg

During the second half of the 1980s, the arrival of the compact disc turned the music business into a money-spinning juggernaut, with the format moving from essentially zero early in the decade to 400 million units produced in 1988 alone. But that explosive growth was driven less by superstars of the era — although Whitney Houston and Guns N’ Roses sold many millions of the high-priced discs — than by people replacing their old vinyl albums and cassettes with a more convenient format.