Thank you for this - I had never heard it before. What struck me was how every successive new distribution method was first called piracy. What comes after the Internet?
Why, realtime performance distribution, of course.
Think about it, with state-of-the-art piracy, currently you 1, can listen to 2, any music 3, anytime, 4, anywhere. So the only thing that's really a competitive advantage to channels is time between performance originally recorded, and general availability.
Not sure how this could be really "liberated" with the performance business still remaining profitable -a moneypooling service maybe? But there's definitely room for improvement on the current distribution model.