I think that instead of complaining about it (the genie is out of the bottle, lets face it) they should think of more clever and current ways to charge for their products. eg Apple/Google/Amazon and the App/Play store. All the people I know who wouldn't pay £11.99 or whatever it costs for a CD are happy to regularly pay £2/3 for an app. Or distribute cut down versions of the software for free and then let people pay for extra functionality and content.
Yes. this. Albums were traditionally seen as loss leaders for the artist and music companies. There to promote the stuff that really made money like merchandise and tours.
I think it should follow the app market model. so I should be able to legally download say 4 or 5 songs for free, or a film or tv series; allow them to tack in some advertising to it, let them track what I listen to and view, because that is what is worth money to the distributors.
If the film or album is great and I want to 'buy in' I could then pay for more songs, get discounts on merchandise, album artwork, if I liked the film I'd pay for an exclusive invitation only cinema screening to get the full experience or bonus material like interviews, directors cuts, posters etc.
The media distributors won't be able to hold back the floodgates of piracy, pirates will always be two steps ahead, but with a bit of thought they could make as much or maybe more money for much less effort than in the past and make the pirates irrelevant.