Earlier quoted context omitted.
You'd have to be pretty insane to spend $3b to get into the content industry in 2014. First, it's an industry that's been plummeting for a decade, secondly, the entire recording industry is worth about that much, and thirdly, the entire concept of making money from copyrighted works of art is under threat. This theory doesn't hold water, sorry.
It's plummeting because it's run by in outdated ways by companies that haven't adapted to new technology. A forward-thinking company that embraces technology would have some advantages.
Music is now competing for attention with apps, push notifications, emails, SMS, etc. Listening to recorded music was at one time something to do in and of itself. Today it's something that's done almost exclusively in the background.