"
megastars like Lyle Lovett have pointed out that he sold 4.6 million records and never made a dime from album sales. It's why the band 30 Seconds to Mars went platinum and sold 2 million records and never made a dime from album sales."
But the record companies made a killing on the recorded album sales. It's not because touring is better than recorded sales, it's because they were being dicked by the labels.