At least based on how much people listen to it. And if you only listen to "Popular Music." Is Old Music Killing New Music? - The Atlantic. And so we have a non-music-based musical interlude.
I listen to a lot of New Music, that most people have never heard of, sadly. But then most people only listen to the 100 or so songs that were popular when they were in high school. Everything else is trash. Any technique or style or genre that wasn't popular when they were in high school is ridiculous. Almost by definition. It is why Oldies Stations are one of the few types of radio still surviving. They are fossilized in 1970, or 1980, or whenever they were in high school.
That said, a lot of new music is trash. It is because of how the music industry has devolved.
Old songs now represent 70 percent of the U.S. music market, according to the latest numbers from MRC Data, a music-analytics firm.
The problem isn't just the new music, it's that people expect to find music today, the way the found music 30 years ago. I listen to exactly 1 radio station, and it is several hundred miles away from where I live, because my local radio stations suck. The radio station I listen to is WXRT from Chicago. And because FM can't compete with the fidelity of a high-quality stream from someplace like Spotify or Pandora or Amazon or YouTube Music or wherever. And there are a lot of choices besides the big names, like Napster and more. And then my entire CD collection has been ripped to FLAC (Free Lossless Audio Codec) files, some of which are always downloaded to my phone, for playing in the car.
There are various anecdotes on the status of new music. and a few data-backed observations like the one above.
One of the anecdotes is about what happened when the Grammy Awards were postponed recently. What happened? Nothing. But then who cares? Rick Beato had a video - I will leave you to find it - on the songs nominated for a Grammy this year. For the most part they are forgettable, a few are aggressively awful. No one cares.
For myself, I have thought that the Grammy Awards were meaningless from the time, many years ago when Jethro Tull won an award for best Metal/Hard Rock song or performance. Jethro Tull was neither Metal nor Hard Rock. But that didn't stop the music industry from proving that they were clueless. But then I think most awards shows whether Grammy Awards or Oscars have become meaningless.
This article has inspired a couple of videos from musicians. I think they are both good, but then I love music, new or old, as long as it is good.
Rhett Shull has a video on this article from the point of view of a working musician. Old Music Is Killing New Music (why it's a GOOD thing). The video is about 15 minutes long. Managable with a cup of coffee, or something stronger.
Rhett mentions an album he was involved with, that was recorded in a more old-school way, instead of the over-processed way most new music is created. It's country, but it doesn't sound like traditional country, really. You can find that album at the following link: Blue Wall by Noah Guthrie.
Rick Beato also has a video on this article. Why Old Music is Killing New Music. This video is more like 30 minutes.
Remember, not all of the music that needs to be written has been written.