No. Look, these are two separate things.
There's access to music and there are reproductions of music. So, at the time, in 1997, when people bought a CD, part of the royalties went to the artists, just as when people now download a song from iTunes.
Even in a legal business, the fact remains that value is attached to copies of the music that are subsequently made. Consequently, there's no connection. Pirating music and copying music on recorders or any other medium are two separate issues.
So I find it hard to understand that argument. I believe that confuses matters. I can't see any connection between the two.