Think piracy is killing the music industry? This chart suggests otherwise.

For more than a decade, the recording industry has been complaining that online copyright infringement is devastating the music industry. And it's true that the revenues of conventional record labels have plunged in recent years. But if you look at the bigger picture, things don't look so grim. Indeed, sales of recorded music are falling off a cliff. But fortunately, that's not the only way musicians can make money. Concert revenues have soared in the last 15 years. Other sources of revenue have also grown robustly.