A worthwhile read regarding the albums situation -
Rock in Crisis: Is the 'Album Era' over? | Features | Classic Rock
Great quote from Steven Wilson:
“Saying the album will disappear is like saying that from now on novelists will only write short stories, or film-makers will only make short films or pop videos. There is something about the long form and the idea of a gradually unfolding musical experience that allows for greater juxtapositions of dynamics, mood and emotion, sometimes simply in the way that the songs are sequenced. In the case of progressive/art rock, the idea of taking the listener on a musical journey over the course of 45 minutes or so has always been the primary form of creative expression, but many other great pop and rock albums also have that sense of ‘architecture’ that you find in a beautifully crafted film or novel. While the album might become less dominant as a format, I believe it will prevail as an artistic choice for both those making music and those that listen to it.”