Know am going to be downvoted into oblivion, but as a composer, can see it from the side of creators. Yeah, making their products free is starving these industries. For instance, in music, there is already very little money in music (think about how many musicians you personally know who can make a living off of music, besides being a music teacher). And, the music industry is still not even the same size as it was i…
Music got commoditized. In the 90s the good bands got lucky that their distributors picked them up and promoted them etc. You just don't remember the amount of crap that was on at any given point in time. Today you have instant access to millions of songs around the world in every genre imaginable: https://everynoise.com/ And not just to the whatever few records your local store carried, or what the Big Four paid the…
Labels still do this today, but it's just the number of opportunities for musicians is smaller.
Although, again, do agree that youtube (and somewhat spotify from what I've heard) has made a huge difference. I've heard a few times that Youtube is probably one of the best resources for self promoting music, but being good at making videos on youtube is not easy to do well and is also another job in itself.