I would take it even further. There is no evidence that whatever business models emerge after the current situation collapses, will be anywhere near as profitable on the whole as the previous one.
There is even less reason to think that the future model(s) will be as profitable for the same players.
They're on a sinking ship bucketing water. Why not get off? Maybe there aren't enough lifeboats? A sinking ship is better then open ocean after all. If the future of music doesn't contain the current players, prolonging the inevitable demise of the way things are done is 100% rational. When it sinks. It sinks. No point getting wet before you have to.
There is even less reason to think that the future model(s) will be as profitable for the same players.
They're on a sinking ship bucketing water. Why not get off? Maybe there aren't enough lifeboats? A sinking ship is better then open ocean after all. If the future of music doesn't contain the current players, prolonging the inevitable demise of the way things are done is 100% rational. When it sinks. It sinks. No point getting wet before you have to.