Every year, the average household spends proportional more money on entertainment than the year before. If you only look at one part the market, the conclusion will be equal incorrect. First it was radio, the cassette tape, VHS, P2P, streaming, ectra ...), and each time someone proclaimed this was going to doom the "industry".
The music industry could argue that illegal music is pushing purchases to the movies, and the cinema could argue that illegal movies is pushing purchases to music services. Why should anyone believe either claim when the total profits from entertainment is going up?
just because more is spent by households doesn't mean profits have gone up. Maybe companies have to spend more to sell their products now (which might seem silly but I'm pretty sure advertising is one thing which _hasn't_ gotten cheaper in most cases).
Every year, the average household spends proportional more money on entertainment than the year before. If you only look at one part the market, the conclusion will be equal incorrect. First it was radio, the cassette tape, VHS, P2P, streaming, ectra ...), and each time someone proclaimed this was going to doom the "industry".
The music industry could argue that illegal music is pushing purchases to the movies, and the cinema could argue that illegal movies is pushing purchases to music services. Why should anyone believe either claim when the total profits from entertainment is going up?