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While copyright is important, we are moving to a society who expects instant access. Where the large media complex was not providing such things, it does not take a PhD to realize that people will pirate things that the masses want.
I hope to see YouTube and other outlets that will have more access to mainstream media. If the media companies do it right they will see more ad dollars, not less.
At first they would spend any amount of money to try and stop the internet from becoming a real media distribution outlet, but I think they have to realize eventually that its not a zero-sum game and they need to co-operate and deal with the fact that they can't have an total government-backed monopoly on the flow on information & data.
http://www.youtube.com/watch?v=lJWFctQN5EQ