I’ve noticed that there are a load of new bands without albums and only a few songs.
I saw The Last Dinner Party at Latitude this year and I’m sure their set list was more than 2 songs according to Spotify/YouTube/website.
This goes for Lime Garden, Dead Pony, Divorce and Panic Shack just to name a few.
All the Chinese bands that interest me are blocked from actual publication by censorship, so they tend to book studio time as they can afford it and release it on Bandcamp. Most of them have set lists longer than your arm, but maybe drop an album (or even just an EP) every couple of years.
Between the glut of self-published bands and the greed of the recording industry in general, the album as a whole is a dying concept (tragically) and recorded music in general is fading. (Yes, I know that I just said there was a glut of published music … but it’s all snippets, not whole works.)