I can't remember the last time I bought a physical album. I think it was about 10 years ago, when Metallica's Death Magnetic came out.
Everyone I know uses a streaming service to get music. No one I know buys or owns physical CD's, vinyl, etc. Because the music industry has failed to rise to the occasion, there are several services that have ascended to pop culture status while the traditional music industry is hemorrhaging.
The suits who sign the checks need to change the business model, but since they either can't or won't, they'll probably just die off on the vine, eventually.
music piracy is a direct result of the failure of the music industry to change with the times. if you offer a service that can compete with piracy, people stop pirating.
that's what turned me from game pirate to Steam paying customer with over 300+ titles in my library.
that's what turned me from TV pirate to Netflix subscriber.
p.s. I don't think anyone ever made money from recording music, even when album sales were good. record labels have always taken the lions share of profits. this has nothing to do with artists making money IMO.