A lot of wisdom here. File sharing looked like the end of the music industry, or at least it was presented that way; but look at the incredible artists who established a following just by being excellent on YouTube.
It's permissionless. A barrier between the creator and the consumer has been kicked over.
Artists have needed to be a little more creative in how they capitalise; they need to tour a lot more than they did, but think of all the Weinstein types who no longer get to be the only gateway to an audience.