About is profits, and about the latest music distribution technology - this goes back to the days when the music industry made money by selling sheet music, and faced the threat of wax cylinders, player piano rolls, then radio play, etc.
Back in the 1990s, when profits were at a (then) all time high, due to people replacing their LP and cassette collections with CDs, the industry was complaining about piracy and got a tax on blank CDs imposed, a straight up subsidy for a highly profitable industry based on zero evidence.
There has never been a new music distribution technology that was not claimed to be a threat to the industry's profits. Another eternal verity - every profit peak is taken to be the "natural" profit level that only despicable piracy could be responsible for eroding.
Actually it is worse than that. The growth rate ramping up to the peak is claimed to be the "natural" state of the industry and year-after-year perpetual profit growth is "normal" and any reduction is due to those nefarious pirates. (And now direct music sales! The horror! Musicians selling music direct to fans! This must not be allowed to grow!)
But an industry whose revenue is due entirely to controlling access to the creativity of other people is like that.