No the industry's business model is not fine and dose not work. As you your have pointed out piracy undermines there model and can not be stopped. Pass a law pass 1000 it dose not matter. This is a world where files can be copied simply and quickly with 0 loss of quality. A world where anyone can come up with a new way to share said files when there current method is attached. The fact people still share files after Napster was shut down shows how futile this fight really is. People are going to share music so instead of trying to stop them use that to your advantage. Look at NIN. Want a mp3 here you go its on the house. Want lossless AAC ok I can sell you that at a reasonable price tickets to my next concert I have those to. The time has come where instead of thinking of the mp3s as the product it is time to view them as promotion same as radio. This can help an artist build a massive following which can then be sold concert tickets, limited edition pressings, videos, high quality sound files (yes I know these can be pirated to but is someone downloads them instead of buying them they where never going to buy them in the first place.) and anything else you can think of (just look at kiss). Sorry for rambling on there but the point is that just like the war on drugs this is a fight that can not be won and as such its time for the RIAA and other such originations to adapt to the new reality.
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No the industry's business model is not fine and dose not work. As you your have pointed out piracy undermines there model and can not be stopped. Pass a law pass 1000 it dose not matter. This is a world where files can be copied simply and quickly with 0 loss of quality. A world where anyone can come up with a new way to share said files when there current method is attached. The fact people still share files after Napster was shut down shows how futile this fight really is. People are going to share music so instead of trying to stop them use that to your advantage. Look at NIN. Want a mp3 here you go its on the house. Want lossless AAC ok I can sell you that at a reasonable price tickets to my next concert I have those to. The time has come where instead of thinking of the mp3s as the product it is time to view them as promotion same as radio. This can help an artist build a massive following which can then be sold concert tickets, limited edition pressings, videos, high quality sound files (yes I know these can be pirated to but is someone downloads them instead of buying them they where never going to buy them in the first place.) and anything else you can think of (just look at kiss). Sorry for rambling on there but the point is that just like the war on drugs this is a fight that can not be won and as such its time for the RIAA and other such originations to adapt to the new reality.