In my opinion, it's not all bad.
There are some bright lights and some interesting things that are happening at the same time. We are absolutely in this phase of significant disruption, but there are some novel, new things happening. We talked about blockchain and some of the data that is now available. One of the collectives that sells neighbouring rights licences to restaurants has done fascinating research that shows that if you slowly turn up the volume over the course of a dinner, people will buy more expensive wine, and if you play faster music, people will chew faster and you can turn over tables more often.
Being able to highlight the value of created content to those who ultimately have to pay for it is one piece that I see shifting.
To Nat's point, I think there are also some new opportunities, for instance seeing a virtual reality performance of Björk at a museum where you can then buy the album and the T-shirt highlights that there are actually new ways in which people are engaging with their creators. That, to me, is hopeful in a time when potentially value is shifting.