This pretty much proves that the MPAA/RIAA is not so much about “piracy” as about maintaining control over an industry.
There no longer is a need for big record labels, and very soon there will no longer be a need for the big Hollywood conglomerates. If you look at many of the biggest blockbuster movies, once you get past the first screen for “Dreamworks” or “Universal” or “Fox” you find that the actual work (including the funding) was done independently for the most part.
For now, the big labels and studios are like aging crime bosses that still get their cut from everything that happens in their respective industries. But their day is coming to an end.