The assumption is that every 'free download' is a sale that was lost. Wrong. I think most folks understand that many downloads are consumed like radio...then chucked away. Quality issues abound and true audio/video lovers want all the bonus extras packed into the physical format.
Artists have shown that the old model doesn't work any more and are cutting the big media companies out by self-producing or distributing in backchannels or smaller tweetcasts.
In many ways it reduces the homogenized pop mess and gives consumers more choice.
Apple has changed the game forever (that means for you to Bon Jovi) by making music more accessible in tracks a la carte. And notice they're aren't bothering with cumbersome DRM at all.
By the time Canada gets around to a suck-up to the US government, the law will be pointless.
Musicians who want to succeed in the new environment will need to be more intimate with distribution; and better able to cope with quality for their fan base...they'll do just fine.

I don't understand this, why are they battering on the doors of the pirates when you can't even buy FLAC or an unprotected lossless codec legally? Why should people pay more for a CD just because they want a legal electronic copy of an album? The music and movie moguls plainly have a lack of technological awareness.

I have never bought as much music as I did back when Napster was still free. Now, I do it maybe once a year, since finding good music I like picking hay from a pile of needles.

... how wrong is that business model. You first have to have that money or value to be able to really lose it.

And the assumption that all those people will definitely buy a copy each, so we can add it all up is just moronic.

But the prize examples are the ones that actually believe that corporate crap :)

I mean, Enron anyone? XD

...is in prison or dead.

185,000 jobs lost in 2008..... MUST be piracy, had NOTHING to do with the GFC...

People all lost their jobs, stopped spending money on overpriced CDs/DVDs so the entertainment industry made less money and had to make a few people redundant. But this HAS to be piracy's fault....

At least, it will be used for something else, more useful instead of getting in the hands of greedy multibillionaires.
Power to the people, culture for all !

I guess that means that ISP's must be making a killing with all the customers they have.

On a side note, I coulda swore the entertainment industry was only worth $35 some billion a year total, so losing out 20 times that, in only one market, makes you kind of wonder.

I guess they also don't mention they have been making hand over first for the past few years, with record profits. So I ask you, how the pirates are making the heads of the companies' kids live off Man n Cheese cuz they can't afford anything better, when they seem to have enough money to sway the governments of the world with their save the artists sham of a tactic.

Creative industry.

What bunch of idiots think that the "economy" will lose £215 Billion if the music and movie moguls dont get it. Where will it go if not into the economy.?

I've never read a news report with so much agreement and laughter. Love this ironic style.