That I can see, but labels do make most of their money off the established bands who sell a million copies of everything they put out etc. So I'm sure their terrified of bands pulling a Pearl Jam and no longer needing labels to sell their hundreds of thousands or millions of albums.
But to be sure, they worry about not getting the up and coming bands signed into to crappy, long term contracts as that's how they get the successful bands locked up long term--get them before they have any other options. So fair point.
But at the same time, up and comers don't need P2P either. Than can use myspace, facebook etc. to stream their music. Tons of bands (new and established) do so already.
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