I'm not sure. I think it just means that the recording industries (like all major corporations) will always be behind the times on new ways of doing business by some years.
It took Apple to pull them into digital music sales, long after they should have been doing it. It took YouTube to pull them into making Hulu.
At some point it will be obvious that new ways of making money have completely eclipsed the old, or that the old just can't be kept alive by lawsuits anymore. But they'll fight the changeover for as long as they can, rather than making large investments in it and waiting a few years for those bets to pay off.
It took Apple to pull them into digital music sales, long after they should have been doing it. It took YouTube to pull them into making Hulu.
At some point it will be obvious that new ways of making money have completely eclipsed the old, or that the old just can't be kept alive by lawsuits anymore. But they'll fight the changeover for as long as they can, rather than making large investments in it and waiting a few years for those bets to pay off.