I'll say it has lost its glory like in the early years when it impacted the life of the audience meaningfully.
The sex, drugs, and pleasure just ruin the artist. That's why they don't live long. Most times, they end up miserable and depressed. Take the late Juice WRLD, for instance.
But it's not only about the artist. What about the audience?"
“Alcohol, Drugs, Sex Fads In Music Industry – Shola Emmanuel - Leadership News”