Originally Posted by FMKK:
“Un, who do you think used to run music? There's a reason bands like The Beatles and The Stones used to have a album out every single year and an absolute ton of shitty compilations put out. It's a big money business so it's always been run by bean counters.”
The music industry in the 1960s and '70s was run by musicians, the big band leaders, etc, from the 1930s and '40s. People who knew and understood the music business, as it was called then. People who knew that an artist wouldn't necessarily have an instant hit and it might take two or three albums for success to arrive. People who would take a punt on an unknown 16-year old like Kate Bush, on the recommendation of a fellow artist, let her develop her sound over a couple of years before releasing her first single and artist.
And the reason why bands then often released an album every year was partly because it was the done thing, there was far less global touring pressure then compared to today, and, more often than not, they had a collective drugs habit to fund.
Today the accountants don't allow that to happen, with the major labels it is instant success and a return on their investment or the artist is dropped. There is very little thought given to long-term artist development, longevity, and sustained success.