One of the most ridiculous claims I've ever seen.
The "music industry" and the "publishing industry" never created any music or literary work. They are merely distribution mechanisms that siphon off the vast majority of the income from the actual content-producers.
Now that a superior distribution mechanism is available, there is at least a potential that true musicians, artists and writers may be able to make a decent living by absorbing all of the income from a much smaller audience, while wildly popular content-producers become wealthy literally overnight. Although a mechanism for funding this remains to be developed.
Does anybody have even a notion about how many good or great artists, musicians and writers of the last 100 years were never heard of because they couldn't get to the public past the gatekeepers? The same guys who rejected James Herriot 44 times and JK Rowling 12 times.
IOW, what has the opportunity cost of all these gatekeepers been?
IOW, what has the opportunity cost of all these gatekeepers been?
About a gazillion carbon credits.