Earlier quoted context omitted.
The problem is that they know as well as we do that DRM doesn't work Unfortunately, as much as some of us would like that to be true, it seems very unlikely. DRM isn't some binary thing where either it prevents copying 100% or it doesn't; it's a deterrent. It works as long as it stops/delays anyone from copying the product illegally so they get it through a legitimate channel instead. It works and is cost-effective i…
Lots of people post on forums about how these companies need to "adapt their business models". Approximately 100% of those people also enjoy content made by the "lazy big media companies" in question under their current business model, which is becoming less effective. Wanting cheap/free access to that content by making sure that the legal/economic framework under which is was produced continues to be circumvented is…
That is true.
In fact, an argument could be made that the production of such content smothers other, less capital intensive content made with lower expectations of large returns
That is also true, I agree.
However, the overwhelming majority of commentary I see on all sides of the debate doesn't particularly support either of those premises. As far as I can tell, I am fairly unusual myself, simply because I actively avoid most DRM'd products even though I would probably enjoy the material and would consider the asking price fair if not for the downsides of DRM.
The only exceptions I make regularly are low-end copy protection on things like DVDs that I'm quite sure I could crack if anyone ever abused it, and high-end systems that come with expensive software I have little (legal) choice but to buy for work. The former have never caused me any problems. The latter have stung me on several occasions, and are one of the main reasons I think DRM should be regulated so if suppliers want to use it, they also have to accept the consequences if they get it wrong.
It seems most people I come across will simply buy DRM'd content anyway, even if they later whinge that it doesn't work properly. Just look at all the people buying AAA games even though the companies running them mess up time after time so the games often don't even work properly on launch day. EA has been voted "worst company in America" more than once, but just look at all the kids still preordering the latest titles for their game collection! People complain about DRM on their favourite forum, but then they still buy whatever it was they apparently couldn't live without anyway.