It's extremely difficult to feel sorry for the record labels. They all deserve their fate. They saw everything coming as far back as the mid 90s, but decided they were more powerful than the market. With all their CD boom money, they could have bought Napster and Big Champagne, which tracks P2P file sharing. They could have bought MySpace and Pandora and just about any major music portal that any person of average intelligence would have thought was a good idea.