What do you think the DMCA, ACTA, COICA, etc are all for? Going after petty downloaders? No. The media companies already know that they can use the same laws passed under the guise of "combating piracy" to shut down and irreparably harm indie and upstart companies. "Whoops, we accidentally flagged your band's website for copyright violations on recordings we don't own the rights to. No problem, just submit an appeal to the Attorney General's office and it'll be removed in a few weeks/months/years. Oh you were actually making money? I'm sure we can work something out..."
With all this legislation pretty much working off the DMCA, there will be fuck all punishment for false allegations, thanks to our friend "in good faith" (in hastily-written antipiracy algorithms). You think the courts have been made a mockery of so far? You haven't seen anything yet.