In the 1970's the music industry told us that "home taping is killing music". Well I remember the seventies and I was as guilty as anyone, everyone did it and music, even the industry, didn't die. ... and the consequence ... some rich greedy executive didn't get as rich as he thought he should be.
The music industry today is crying the same thing ... with the same consequences. Music will not die because people can get it for free, it may be less valued but somehow I don't think so. There is nothing that can replace rushing home with your new CD to play it, even if you already have an mp3 version of it. I tend not to buy music unless I already have it but like most musicians my CD/record collection is my pride and joy and what I add to it is what I like.
The music industry is not squeaky clean when it comes to how it treats the people who make the music nor in it's conspiracy with the media and the manipulation of those it makes stars of.
Freedom to produce exactly what you like and the means to set it before an audience is what the internet has given musicians and other artists, it matters not to me, that my music doesn't make me money because my pleasure is in making it. It doesn't even matter to me if no-one listens to it, I am sure someone somewhere will like it and their pleasure in listening to it is my reward, but if no-one ever listens to it - I am not poorer for it.
Art is not concerned with making money but with making art.