They've been wrong forever
The music industry has never been right about how technology changes will impact them - witness this article from 1962, where impending doom is predicted based on the jukebox:
Perhaps the lawmakers really couldn't have foreseen in 1909, the year the copyright law was passed, that there ever would be such a universal dispenser of culture as a jukebox. With rare shortsightedness, they passed a special amendment specifically exempting coin-operated music machines from being considered as a public performance. In those days, such machines were no more than novelty gadgets, but they have since burgeoned into big business. Dimes and quarters are being swallowed up in ever-increasing amounts, to the nonlicensed tune of over $500 million annual profit. Yet no matter how often a song is played, its composer and lyricist receive no royalty.
Yeah, the industry was just crippled by those doggoned jukeboxes...
