The Beatles still had a widespread influence across to areas like the far east and South America. And the size of the record industry may help distribute music more but it can also provide much more music as well so one artist can't really dominate as much perhaps. The internet has changed things, but during that period Michael Jackson didn't really release much new music anyway.
By credit for the work of others I mean for instance that, for example, The Beatles may have influenced many Britpop groups in the 90s but that doesn't mean they wrote their songs, they just influenced them, that's all.
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