In the early days of emusic.com, you could find albums of older acts (BJ Thomas and John Prine come to mind) that were actually re-recordings of their old hits. Sometimes they were better than the originals, sometimes not.
If you really want to mess with the "fundamental" parts of Hollywood's business, how about attacking "Hollywood Accounting." The most fundamental part of their business is to screw over as many as possible.
He never said the the laws were effective, just that those laws are the monopoly's only hope. If you add his point of the collateral damage to your point of "It ain't going to work anyway," you come to the conclusion that these laws are really bad.
I think you could make an argument that it's format shifting. If IBM purchased all of the books, scanned then into Watson, and kept the physical books. I don't see much difference between that and me buying a CD and ripping it to Mp3's for my own personal use.