lgn1 - 4:30 pm on Jan 18, 2012 (gmt 0)
The RIAA and MPAA has had it day in the sun. Technology has changed, and they have become the new buggy whip industry.
This is how I see the future unfolding.
The role of the RIAA and MPAA will eventually be restricted to the 90-180 day period when a song or movie is popular. Tough penalties will be enacted for illegal distribution during this timeframe, to protect the industry.
After this period, a mechanism will develop so the author can be paid the few cents, for every download, and via a global distribution clearing house (hopefully by a not for profit organization).
The RIAA and MPAA is so despised by the masses, thay they have no hope in being involved in the new economy of "the long tail" of entertainment IP.
Legislation like SOPA if passed, will result in the creation of a VPN network, composed of every teenager with a computer.
I think most people would be willing to pay the extra money to see a new movie in a theater. They just don't want to pay 99 cents for a 20 year old song, in which the author gets a couple cents, and the record label gets a huge profit.