You are assuming that it's possible to turn back the clock; I seriously doubt that.
Profiting from recording has become the norm. The industry is simply not going back to live performances as the primary means of enjoying music. People will not be dragged kicking and screaming from their iPods & iPhones.
Likewise, I suspect that attempting to make money solely from movie theaters would end up with a crippled industry. There's a reason that DVDs were the fastest growing recording media in history: when you can get all the benefits of a theater experience (many of us don't need a 100' screen to be happy) at home without any of the drawbacks, well, it's gonna be hard to keep 'em down on the farm after they've seen Paree.
Just because something is the norm doesn't mean it can't change. It changed before. It will change again. Either we will give up freedom to protect media distribution in an effort to subsidize the media industry, or the media industry will change.
Theaters in the US took in $10 billion[1] in 2011. Theaters are hardly on their last leg. If studios can't survive on 16 million in revenue (on average) we really shouldn't be modifying laws in the US and internationally at the cost of freedom to help those inefficient studios stay in business.
Profiting from recording has become the norm. The industry is simply not going back to live performances as the primary means of enjoying music. People will not be dragged kicking and screaming from their iPods & iPhones.
Likewise, I suspect that attempting to make money solely from movie theaters would end up with a crippled industry. There's a reason that DVDs were the fastest growing recording media in history: when you can get all the benefits of a theater experience (many of us don't need a 100' screen to be happy) at home without any of the drawbacks, well, it's gonna be hard to keep 'em down on the farm after they've seen Paree.