In the long run this is actually really bad for content owners. Content owners, in their effort to protect their business model, has actually given the government the tools to shut them down if their content is found to be "undesirable". Just because the government likes you today doesn't mean it will tomorrow.
Sounds like co-domination. If the content lobby controls government that controls the content lobby...
No matter who decides what is undesireable it is a dangerous road to take. Where do you draw the line? Streaming sports events? Sharing 50 Cent songs? Protests against legislations? Child pronography? Law makers in democratic countries should be really carefull about the direction they take in these post-SOPA days. The tools they are thinking about to control online piracy are really dangerous weapons in the wrong hands. "Undesireable" was a welcome excuse already to often.
Let's hope artist, and managers, remember the past when possibilities of censorship where actually used.
